Assuming No Special Provision in the Articles of Incorporation, Special

question 82

Multiple Choice

Assuming no special provision in the articles of incorporation, special shareholder meetings may be called by:

• A) the president of the company.
• B) any individual director.
• C) any individual shareholder.
• D) holders of at least 10% of shares.

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Definitions:

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced, decreasing as production increases.

Annual Fixed Cost

The total of all business expenses that remain constant regardless of any change in production levels or sales volume over a year.

Total Output

The aggregate quantity of goods or services produced by an economy, sector, or production process over a specific period.

Barbershop

A place of business where people, typically men, go to get haircuts and often beard trims or shaves.