Firm Y Has 5,000,000 Outstanding Shares

question 95

Multiple Choice

Firm Y has 5,000,000 outstanding shares.There are 11 directors on the firm's board.The Bubba family owns 20% the firm's stock.How many directors can the Bubba family elect by themselves if firm Y uses majority voting?

• A) 0
• B) 1
• C) 2
• D) 3

---

Definitions:

Total Revenues

The complete amount of income generated by a company through its various business activities.

Market Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output that producers are willing and able to sell at that price.

Acceptable Prices

Prices that consumers feel are fair for products or services, and are willing to pay.

Total Revenues

The overall amount of money received by a firm from sales of its products or services, before any costs are deducted.