There Are Three Open Positions on the Board of Directors

question 69

Multiple Choice

There are three open positions on the board of directors of XYZ Enterprises.The company has 264,000 shares of stock outstanding.Each share is entitled to one vote.How many shares of stock must you own to guarantee your personal election to the board of directors if the firm uses cumulative voting?

• A)82,001 shares
• B)75,001 shares
• C)88,001 shares
• D)72,000 shares
• E)66,001 shares

---

Definitions:

Organisation Development Process

A planned, systematic approach to improving an organization's effectiveness, capacity, and well-being through change in its processes, culture, and structure.

Changing

The act or process of making or becoming different, indicating transformation or modification in structure, nature, or form.

Diagnosis

The process of identifying a disease, condition, or problem by examining the symptoms and reviewing test results.

Team Interventions

Strategies and actions taken to improve the functioning of a team, resolve conflicts, or enhance performance.