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

question 73

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) 11
• C) 4
• D) 6

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Definitions:

Voluntarily Retired

Individuals who have chosen to exit the workforce and end their professional careers by choice rather than by necessity or force.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Inflation Rate

The velocity at which the broad price level of goods and services climbs, reducing purchasing capability.

Aggregate Demand

The total demand for all goods and services within a particular economy at a given overall price level and in a given period.