Your friend Steve owns a considerable amount of common stock in Microsoft, a computer software company. He wants to cast his votes on various issues at the annual stockholders' meeting in Seattle, but he does not have the time to travel a great distance to the meeting. Instead of attending the meeting, Steve decides to register his votes by
A)registered mail.
B)preemptive right.
C)proxy.
D)power of attorney.
E)preferred stock.

Question

Quizplus · Accepted Answer

Steve can register his votes by proxy, which means he designates someone to cast his votes on his behalf at the annual stockholders' meeting. This allows Steve to have a say in the decision-making process without having to be physically present at the meeting. Registered mail, preemptive right, power of attorney, and preferred stock are not relevant options for casting votes at a stockholders' meeting.

Your Friend Steve Owns a Considerable Amount of Common Stock