By a Two Thirds Majority Vote,EcoGreen Inc

question 38

Multiple Choice

By a two thirds majority vote,EcoGreen Inc.'s shareholders approved a proposed amendment to the articles of incorporation allowing for the public ownership of the company's shares and the adoption of a dual class share structure.Zoe voted against the change.What is Zoe's best solution to her dissatisfaction?

• A) seeking a court ordered oppression remedy
• B) commencing a derivative action
• C) soliciting proxy votes
• D) exercising her dissent and appraisal right

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Definitions:

Progressive

A tax system where the tax rate increases as the taxable amount increases, making it more burdensome for higher earners.

Excess Burden

The excess burden of a tax is the cost to society in economic welfare that exceeds the revenue raised by the government, often due to distorted market behaviors.

Perfectly Inelastic

A market condition where demand or supply does not change in response to price changes, represented by a vertical line on a graph.

Tax

A financial charge or other levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.