As a Business Grows

question 18

Multiple Choice

As a business grows:

• A) it becomes easier to control.
• B) control becomes a less significant concern.
• C) it becomes more difficult to control.
• D) it is better able to afford outsourcing managerial control.

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Definitions:

Cumulative Voting

A voting system used in corporate elections that allows shareholders to accumulate their votes and allocate them to one or several candidates, enhancing minority shareholders' chances of representation.

Revised Act

Refers to an updated or amended legislative act or statute.

Incorporation Statutes

Laws that govern how companies can be legally established, regulated, and dissolved.

Voting Rights

Entitlements granted to shareholders or citizens to vote in corporate or public elections, respectively.