Assume That 12,000 Shares Are Represented at a Shareholder Meeting

question 34

Multiple Choice

Assume that 12,000 shares are represented at a shareholder meeting and a quorum exists.How many votes are normally necessary to carry a motion?

• A) 4,001
• B) 8,001
• C) 6,001
• D) 10,000

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Definitions:

Last Minute

Refers to actions or decisions made very close to a deadline or an event's scheduled time.

Inventories

Quantifiable lists of goods or materials a company holds for the purpose of sale, manufacturing, or utilization in production.

Equipment

Equipment consists of the necessary tools, machinery, and other material goods required for performing specific tasks or operations within various contexts, such as a business or workshop.

Receivables

Short-term amounts due to a company from its customers, typically from sales of goods or services on credit.