A fiRm Has 200,000 Shares Outstanding

question 320

Multiple Choice

A firm has 200,000 shares outstanding. If three directors will be elected, how many shares do you need to control to assure yourself a seat on the board under cumulative voting procedures?

• A) 30,001
• B) 40,001
• C) 50,001
• D) 66,668
• E) 100,001

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Definitions:

Water Produced

Water that is generated or obtained as a result of a process, such as the by-product of industrial processes or biochemical reactions.

Plant Cell Walls

Rigid layers surrounding plant cells, composed mainly of cellulose, hemicellulose, and lignin, providing structure and protection.

Structural Material

Materials used in the construction of buildings, bridges, or other structures, providing support and stability.

Fungi

A kingdom of spore-producing organisms feeding on organic matter, including molds, yeast, mushrooms, and toadstools, distinct from plants and animals.