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

question 84

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

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Definitions:

Excessive Cleansing

A behavior pattern characterized by an overemphasis on cleanliness, sometimes indicative of an underlying anxiety disorder.

Common Compulsion

Repetitive behaviors or mental acts that an individual feels driven to perform in response to an obsession or according to rules that must be applied rigidly.

Obsessive-Compulsive Disorder

A mental disorder characterized by recurrent, unwanted thoughts (obsessions) and/or repetitive behaviors (compulsions) that one feels compelled to perform.

Arranging And Rearranging

A cognitive process involving organizing or reorganizing information or objects to solve problems or create new perspectives.