Stacia, a Shareholder in ZipCorp, Learns That ZipCorp's Board of Directors

question 47

Multiple Choice

Stacia, a shareholder in ZipCorp, learns that ZipCorp's Board of Directors have voted for ZipCorp to merge with ZenCorp. Stacia objects to the merger because the shareholders did not vote to approve the merger. Under which of the following scenarios would a shareholder, like Stacia, not have a right to vote for a merger?

• A) If ZenCorp were a foreign corporation.
• B) If ZipCorp were a foreign corporation.
• C) If the FCC approved ZenCorp's plan.
• D) If ZenCorp owned at least three-fifths of ZipCorp's stock.
• E) If ZenCorp owns at least 90% of the outstanding shares of ZipCorp stock.

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Definitions:

Food Production

The process that involves growing crops and raising livestock for human consumption.

Paleolithic Villages

Early human settlements dating from the Paleolithic era, characterized by simple structures and tools, and a hunter-gatherer way of life.

Toolmaking

The process of creating instruments or devices that can be used to perform functions, traditionally associated with human development.

Pottery

The craft or process of making vessels and other objects with clay and other ceramic materials, which are fired at high temperatures to give them a hard, durable form.