The Shareholders of a Company Have the Power to Modify

question 64

Multiple Choice

The shareholders of a company have the power to modify or repeal the company constitution by:

• A)ordinary resolution.
• B)a resolution passed by at least 75% of the voting shareholders present at general meeting.
• C)a majority vote.
• D)an application to the board of directors.

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Definitions:

Profit Centers

Segments or areas within a business that are responsible for generating profit, with their performance measured based on the income they produce.

Decision Making

The method of selecting options through recognizing a decision to be made, collecting data, and evaluating different solutions.

Division Profits

The earnings generated from a specific department or segment within a larger organization.

Profit Centers

Segments or divisions within a company that are directly responsible for generating a significant portion of the company's profits.