You Are a Shareholder in Trees N Things (TNT)and You

question 60

Multiple Choice

You are a shareholder in Trees N Things (TNT) and you would like to elect 6 of the 11 members of the Board of Directors.If there are 3.5 million shares outstanding what is the minimum number of shares required to elect your slate of directors under cumulative voting?

• A) 2,000,001
• B) 3,000,001
• C) 1,909,091
• D) 1,750,001

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Definitions:

Mental Breaks

Short periods of rest or distraction taken during intense periods of mental activity to improve focus and productivity.

Functional Fixedness

A mental bias that confines an individual to utilizing an item solely in its conventional manner.

Mental Set

A framework for thinking about a problem, based on previous experiences and successes, that can both aid and hinder problem-solving.

Heuristic

A heuristic is a problem-solving strategy or technique that employs a practical, non-guaranteed method or shortcut to produce solutions that are not guaranteed to be optimal but are sufficient for the circumstances.