Assume There Are No Provisions in the Corporation's Articles of Incorporation

question 22

Multiple Choice

Assume there are no provisions in the corporation's articles of incorporation or bylaws regarding quorum requirements. If there are 13 total directors of General Grain Corporation and the minimum number of directors are present to transact business, how many votes normally would be necessary for those present to act as a board?

• A) 7
• B) 4
• C) 6
• D) 11

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Definitions:

Behavioralists

Researchers or theorists who study the impact of psychology on the decision-making processes of individuals, particularly in economic contexts.

Sherman Act

A landmark U.S. antitrust law enacted in 1890 aimed at promoting fair competition for the benefit of consumers, by prohibiting monopolistic practices.

Conglomerate Mergers

A type of merger between companies that operate in unrelated business activities.

Horizontal Mergers

Mergers between companies that operate in the same industry, leading to consolidation and potentially reducing competition.