You Are a Shareholder in Trees N Things (TNT)and You

question 60

Multiple Choice

You are a shareholder in Trees N Things (TNT) and you would like to elect 6 of the 11 members of the Board of Directors.If there are 3.5 million shares outstanding what is the minimum number of shares required to elect your slate of directors under cumulative voting?

• A) 2,000,001
• B) 3,000,001
• C) 1,909,091
• D) 1,750,001

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Definitions:

Central Values

Fundamental beliefs or principles that are of utmost importance to an individual, group, or organization.

Norms

Accepted standards or expectations of behavior within a group or society.

Low Familiarity

having limited knowledge or experience with something.

Other Culture

The customs, beliefs, arts, and institutions of a society that is different from one's own.