1. Shares are ______ when the corporation will not issue physical stock certificates.

a. Approved

b. Unapproved

c. Unacknowledged

d. Acknowledged

e. Uncertificated

2. Which of the following, if any, is an authorization of a shareholder to allow someone else to vote in his or her place?

a. Approval

b. Acknowledgement

c. Proxy

d. Permissive voucher

e. There is no such document because a shareholder may not allow someone else to vote in the shareholder's place.