There Are 5 Seats Open on the Board of Directors

question 286

Multiple Choice

There are 5 seats open on the board of directors of Alpha, Inc. Jason wants to be positive that he can be elected to one of these positions. Alpha uses straight voting. There are 1,500 shares of Alpha stock outstanding. Twenty% of the shares are owned by Midge, 30% are owned by Peter, 10% are owned by Jeff, 25% are owned by Jason and the rest are owned by Edward. How many additional shares of stock must Jason buy to ensure that he wins a seat?

• A) 0
• B) 251
• C) 298
• D) 376
• E) 411

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Definitions:

Civil Rights Act of 1991

A significant piece of American legislation that was enacted to provide clearer guidelines and remedies against discrimination in employment on the basis of race, color, religion, sex, or national origin.

Racial Discrimination

Unfair treatment or prejudice against individuals or groups based on their race or ethnicity.

Title VII

A section of the Civil Rights Act of 1964 that prohibits employment discrimination based on an individual's race, color, religion, gender, or national origin.

Sex Discrimination

Unfair or unequal treatment based on an individual's sex, often resulting in disadvantage or exclusion.