You Wish to Be on the Board of Directors of a Company

question 231

Multiple Choice

You wish to be on the board of directors of a company. If you wish to buy as low a percentage of the total outstanding shares as is necessary to guarantee yourself a seat on the board, you should
Look for a firm that has ____________.

• A) Cumulative preferred stock.
• B) Cumulative voting Class B stock.
• C) Convertible debentures.
• D) Straight voting common stock.
• E) Cumulative voting common stock.

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Definitions:

Informed Consent

The full and understandable explanation of the risks associated with a course of action, and the clear understanding by the client or patient.

Standard of Care

In law, the degree of prudence and caution expected of an individual who is under a duty of care.

Laparoscopic Surgery

A minimally invasive surgical procedure performed through small incisions, using a camera and instruments to view and operate on the internal organs.

Professional Standards

Established norms and criteria that define the quality and ethical conduct expected of professionals in a given field.