Asked by Diana Stevenson on Jun 20, 2024
Verified
A written authorization that assigns a stockholder's voting privilege to another is called:
A) profit deed.
B) stock certificate.
C) preemptive right.
D) leveraged buyout.
E) proxy.
Proxy
A document authorizing a person to vote on another's behalf at shareholder meetings, or the individual authorized to do so.
Preemptive Right
A shareholder's right to buy new shares in a company before they are offered to the public, to maintain their proportionate ownership in the company.
- Understand the different types of equity in corporations and their characteristics.
Verified Answer
DF
david fernandezJun 20, 2024
Final Answer :
E
Explanation :
A proxy is a written authorization that allows one person to act on behalf of another, particularly in the context of voting shares of stock. This is commonly used in corporate settings to allow shareholders to vote without being physically present at meetings.
Learning Objectives
- Understand the different types of equity in corporations and their characteristics.