Chapter 8, Problem 7AA

To determine

To ascertain the term that best completes each sentences.

Explanation of Solution

Stockholders can attend an annual meeting each year to vote on company business.

An annually general meeting is a compulsory annual assembly of interested shareholders of a corporation. During an AGM, the company's directors need to submit an annual report with all relevant information about the company 's success and organized plan for shareholders. In the meeting company can include appointing directors board, taking essential management decisions and advising members of past and future activities.

Economics Concept Introduction

Introduction: A shareholder, also called as a stockholder, is an entity, company, or association that holds at least that share one of the stocks of a corporation called equity. Since shareholders are effectively investors to a corporation, they are reaping the profits from a profitable business.