Ace Corporation Requires a Quorum of Five Directors

question 23

True/False

Ace Corporation requires a quorum of five directors.Under the RMBCA if Pam, a director, shows up at the
meeting for a vote on her favorite topic, dividends, and withdraws thereafter leaving only four directors, they may not act on any further business.

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Definitions:

Command-and-control

A hierarchical method of management and decision-making where orders are issued from the top down, and control is maintained through a rigid organizational structure.

Fiedler's Contingency Model

A leadership theory proposing that effective leadership is dependent on the match between a leader's style and the degree to which the situation gives control to the leader.

Least-preferred Co-worker Scale

The Least-preferred Co-worker Scale is a psychological tool used to measure an individual’s leadership style based on their attitudes toward the least preferred co-worker.

Leadership Style

A recurring pattern of behaviours exhibited by a leader.