You Wish to Be on the Board of Directors of a Company

question 70

Multiple Choice

You wish to be on the board of directors of a company. If you wish to buy as low a percentage of the total outstanding shares as is necessary to guarantee yourself a seat on the board, you should look for a firm that has ____________.

• A) Cumulative preferred stock.
• B) Cumulative voting Class B stock.
• C) Convertible debentures.
• D) Straight voting common stock.
• E) Cumulative voting common stock.

---

Definitions:

Fact-based

Relying on or concerned with actual data and evidence rather than assumptions or speculation.

Culture

A shared system of symbols, beliefs, attitudes, values, expectations, and norms for behavior.

Personal Beliefs

Individual convictions or opinions that are held as true by the person.

Cultural Beliefs

The shared values, norms, and practices that characterize a group of people or society, influencing their behaviors and perceptions.