When Directors Vote on Issues Affecting the Corporation, Ordinary Matters

question 144

Multiple Choice

When directors vote on issues affecting the corporation, ordinary matters generally require

• A)a greater-than-majority vote.
• B)a majority vote.
• C)one vote.
• D)a unanimous vote.

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Definitions:

Net Investment

Net investment refers to the total amount spent on purchasing new capital minus the depreciation on existing capital, indicating the growth of a company or economy's productive capacity.

Capital Goods

Long-lasting goods acquired and used by businesses to produce other goods and services, contributing to their operational capabilities.

Gross Investment

The total amount spent on purchasing or constructing new capital assets before accounting for depreciation.

Net Investment

The portion of total investments in physical assets (like buildings, machinery, and inventory) that remain after accounting for depreciation.