Jan Owns Eight Hundred of the Two Thousand Issued and Outstanding

question 8

Multiple Choice

Jan owns eight hundred of the two thousand issued and outstanding shares of Jackalope Corporation.There are five members of the board of directors,three of whom are up for election at a shareholders' meeting.If each share of stock is entitled to one vote,what is the maximum number of votes that Jan can cast for any one of the candidates for the positions on the board under cumulative voting?

• A) eight hundred
• B) two thousand
• C) twenty-four hundred
• D) four thousand
• E) six thousand

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Definitions:

Attendance Falls

A decrease in the number of people present at an event, institution, or place compared to a previous period.

Complementary Products

Goods or services that are used together, where the use of one increases the value or demand for the other.

Good Substitutes

Products or services that can replace each other in use, offering consumers alternatives that fulfill the same need or function.

Price Elasticity

An indicator of the variation in the amount of a product desired by consumers as its cost fluctuates.