While Ordinary Decisions Made by Directors Require a ________ Vote

question 80

Multiple Choice

While ordinary decisions made by directors require a ________ vote, more important decisions sometimes require a ________ vote.

• A) Majority; two-thirds
• B) Majority; three-fourths
• C) Two-thirds; three-fourths
• D) One-third; majority
• E) Majority; unanimous

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Definitions:

Cash Cycle

This term describes the time it takes for a business to convert its investments in inventory and other resources into cash flows from sales.

Source Of Cash

The origin of funds that a company or individual has, which could be operational earnings, investment returns, or financing.

Merchandise Sale

A commercial transaction where goods are sold to consumers.

Long-Term Debt

Long-term debt is loans and financial obligations lasting more than one year, often used for business expansion or large capital investments.