CPA_BEC_CSV Flashcards
1
Q
1
A
Right to receive declared dividends.
2
Q
2
A
Right to inspect books and records.
3
Q
3
A
Right to keep their ownership level in the company the same if new shares are issued (pre-emptive right).
4
Q
4
A
Right to sue on company’s behalf if a violation of fiduciary duty occurs (officer not exercising care and due diligence).
5
Q
5
A
Right to possible cumulative voting rights (stock owner can vote once for each board seat for each share owned).
6
Q
2
A
Responsible for overseeing the daily operations of the company.
7
Q
3
A
Hiring/firing of the chief executive officer (CEO).
8
Q
4
A
Determine the mission of company.
9
Q
5
A
Decide the declaration/payment of dividends.
