Zeelon Corporation Stock May Be Summarized as Follows: 100,000 Authorized

question 77

Multiple Choice

Zeelon Corporation stock may be summarized as follows: 100,000 authorized
90,000 issued
75,000 outstanding
15,000 treasury stock
How many shares or proxies will have to be present for a quorum (assuming no special provision and that the Revised Act is not in effect) ?

• A) 45,001
• B) 37,501
• C) 30,001
• D) 50,001

---

Definitions:

Biodiesel

A renewable, biodegradable fuel made from vegetable oils, animal fats, or recycled restaurant greases for use in diesel engines.

Oil Prices

The cost per barrel of crude oil, influenced by global supply and demand, geopolitical events, and market speculation.

Energy Efficiency

Refers to using less energy to provide the same service or achieve the same level of function.

Goods

Physical items that satisfy human wants and provide utility, which can be bought, sold, and used.