Four Directors Will Be Elected and You Wish to Be

question 46

Multiple Choice

Four directors will be elected and you wish to be one of them. With cumulative voting, what percentage of the shares (plus one) do you need to have on your side to guarantee you a seat?

• A) 12.5%
• B) 16.7%
• C) 20.0%
• D) 25.0%
• E) 33.3%

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Definitions:

Health Savings Account

An account that allows individuals with high-deductible health plans to save money pre-tax for use on qualified medical expenses.

Blake and Mouton

A reference to Robert R. Blake and Jane Mouton, creators of the Managerial Grid Model that identifies various leadership styles based on concern for people and concern for production.

Leadership Grid

A model that conceptualizes leadership styles based on varying degrees of concern for people and production, aiming to identify the most effective approach.

Barista

A person who is trained in the preparation and serving of coffee and coffee-based drinks, often working in a coffee shop.