There Are 5 Seats Open on the Board of Directors

question 223

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:

Implicit Memory

The system for long-term storage of unconscious memories that cannot be verbally described.

Levels of Processing Model

A theory suggesting that the depth (shallow to deep) of mental processing affects memory recall, with deeper processing leading to better recall.

Elaborative Rehearsal

A memory technique that involves thinking about the meaning of the term to be remembered, as opposed to merely repeating the word to oneself.

Maintenance Rehearsal

A process of repetitively verbalizing or thinking about information to be remembered, thereby keeping it in working memory longer.