The Board Approves a Proposed Amendment to Deny Existing Preemptive

question 15

Multiple Choice

The board approves a proposed amendment to deny existing preemptive rights to Class A preferred, and to issue stock in a new Class D preferred that would be accorded liquidation preference after all other classes of preferred stock.Preferred Classes B and C would remain the same.Which of the following would be true?

• A) A majority of Class A, B, and C shareholders all together would be needed to pass the amendment.
• B) Only Class B and C shareholders vote.
• C) Class B and C shareholders would not be entitled to vote at all.
• D) Class A and C shareholders would vote together.

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Definitions:

Age

The length of time that a person or organism has lived or a thing has existed.

Qualitative Research

Research that considers individual qualities instead of quantities (numbers).

Corporal Punishment

Discipline techniques that hurt the body (corpus) of someone, from spanking to serious harm, including death.

Ethnic Groups

Categories of people who identify with each other based on common ancestral, social, cultural, or national experiences.