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Jade is a stockholder in the Reley Corporation. She has voted in all of the board elections and received regular dividends from her stock.
Jade is a stockholder in the Reley Corporation. She has voted in all of the board elections and received regular dividends from her stock. Recently, she has been asked to purchase a large amount of inventory for the company. As a stockholder, will this be possible? O No, as a stockholder she cannot purchase inventory; in order to do that, she would need to be an employee. O No, she would need to give up her stockholder status in order to take such a direct role in the monetary accounts of the company. O Yes, she will just need to get permission from the owners of the corporation, at which point she can purchase the inventory. O Yes, but she will first need to be made an agent of the corporation, otherwise she would have no rights to purchase the inventory. Save for Later Submit Answer
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