For Most Business Decisions,the Quorum,or Minimum Number of Directors Necessary

question 35

Multiple Choice

For most business decisions,the quorum,or minimum number of directors necessary to conduct business,is usually ________ of the total number of directors.

• A)three-quarters
• B)two-thirds
• C)one-half
• D)a majority

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Definitions:

Asset

An economic resource that can be owned or controlled to produce value and that is held by a company to produce positive economic value.

Equity

The worth of an owner's stake in a property or business once all debts and other financial obligations have been subtracted.

Expense

An outflow of money or other resources, often categorized as operational or capital, incurred by a business in the process of earning revenue.

Room Rental Revenue

Income generated from the leasing or renting out of rooms, commonly seen in hotels, hostels, or rental properties.