Given That There Are 6,000,000 Shares Outstanding in a Corporation,how

question 65

Multiple Choice

Given that there are 6,000,000 shares outstanding in a corporation,how many additional shares will be required for a minority group of shareholders to elect 4 of the 14 members on the board of directors? (Assume cumulative voting required.Assume the group already owns 400,000 shares.)

• A) 1,600,001
• B) 1,000,001
• C) 1,714,286
• D) 1,200,001

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Definitions:

Steven Pinker

A Canadian-American cognitive psychologist, linguist, and popular science author known for his works on language, mind, and human nature.

Harm

Damage or injury that affects someone or something in a negative way.

Help

The provision of assistance or support to others in need, often to solve a problem or improve a situation.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice and discrimination against other groups.