Given That There Are 4,000,000 Shares Outstanding in a Corporation,how

question 44

Multiple Choice

Given that there are 4,000,000 shares outstanding in a corporation,how many shares will be required for a minority group of shareholders to elect 3 of the 11 members on the board of directors? (Assume cumulative voting required)

• A) 800,001
• B) 1,000,001
• C) 1,090,910
• D) 1,000,000

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Definitions:

Perceived

Interpreted or understood in a particular way by an individual, often based on sensory input and personal experience.

Size Constancy

The perception of an object as having a constant size, despite changes in the distance from which it is viewed.

Retinal Image

The image projected on the retina, the light-sensitive layer at the back of the eye, which is crucial for visual perception.

Galloping

A fast gait of a quadruped in which each foot touches the ground separately in a sequence.