Question

Larry Nelson holds 1,000 shares of General Electric (GE) common stock. As a stockholder, he has the right to be involved in the election of its directors, who are responsible for managing the company and achieving the company's objectives.

A - True
B - False.

Answer 1

Larry Nelson, as a stockholder of General Electric (GE) common stock, has the right to be involved in the election of the company's directors. Hence the statement is True

Step-by-step explanation:

As a stockholder, Larry Nelson holds 1,000 shares of General Electric (GE) common stock. This means that he is a part owner of the company. As an owner, he has the right to be involved in the election of the board of directors. The board of directors is responsible for managing the company and achieving its objectives.

Each shareholder, regardless of the number of shares they own, has the right to vote for the board of directors. The more shares a shareholder owns, the more votes they can cast. So, Larry Nelson, as a holder of 1,000 shares, has the right to cast 1,000 votes in the election of the directors.

Therefore, the statement that Larry Nelson has the right to be involved in the election of General Electric's directors is True.