Which One of the Following Statements Is True

Multiple Choice

Which one of the following statements is true?

A) Corporations are required by law to report all activities to their stockholders each month.
B) Stockholders must approve major changes to corporate policies.
C) Stockholders must approve the sale of all goods and services by the company.
D) Corporations are required by law to have two stockholder meetings each year.
E) Stockholders may vote only by proxy.