Asked by Grace Mackosso on Jun 30, 2024
Verified
Shareholders normally have the right to do all but which one of the following?
A) Elect the directors.
B) Elect the officers.
C) Approve the sale of a major division.
D) Meet at least once a year.
Elect Officers
The process of choosing individuals to hold positions of authority within an organization, typically through voting.
Major Division
A significant separation or segmentation within an organization, market, or field of study, typically characterized by distinct functions, products, or specialties.
- Comprehend the entitlements and duties of shareholders in a company.
Verified Answer
NS
Nemanja SavicJul 02, 2024
Final Answer :
B
Explanation :
Shareholders typically have the right to elect the directors of a company, who in turn are responsible for selecting the officers. Therefore, directly electing officers is not a normal right of shareholders.
Learning Objectives
- Comprehend the entitlements and duties of shareholders in a company.
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