Question

A proxy is: Multiple Choice A document that delegates a stockholder's voting rights to an agent. A contractual commitment by an investor to purchase unissued shares of stock. An amount of assets defined by state law that stockholders must invest and leave invested in a corporation. The right of common stockholders to protect their proportionate interests in a corporation by having the first opportunity to purchase additional shares of common stock issued by the corporation. An arbitrary amount assigned to no-par stock by the corporation's board of directors.

Answer 1

Option (A) is correct.

Step-by-step explanation:

A proxy refers to a document which represents the authority to take some decision or do some activity on behalf of other person. For example, in case of voting, proxy could be used for voting here to represent some other person. A proxy is also referred as the authority or power given to a person to act for another person.