ACME Inc Has Dual-Class Shares

question 3

Multiple Choice

ACME Inc. has dual-class shares. Class A shares have one vote each. Class B shares do not carry any votes. Class A shares make out 50% of the total equity. ACME Inc.'s main shareholder is the Saint-John Smythe family which owns 80% of Class A shares. What is the percentage of ownership of the Saint-John Smythe family?

• A)0%
• B)40%
• C)50%
• D)80%

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Definitions:

CIM

Computer Integrated Manufacturing, an approach to manufacturing that integrates computer systems with physical manufacturing processes for efficiency and productivity improvements.

PLM

Product Lifecycle Management, a strategic approach to managing the series of changes a product goes through, from its design and development to its ultimate retirement.

POM

Principles of Management; these are fundamental guidelines for the management of an organization concerning its mission, vision, and objectives.

TPS

Acronym for Transaction Processing Systems, which are software and hardware systems designed for processing business transactions efficiently and accurately.