Regarding the Election of Directors

question 30

Multiple Choice

Regarding the election of directors:

• A) under the Revised Act, directors are elected by a majority of the votes.
• B) cumulative voting is a right of shareholders in all states.
• C) cumulative voting permits minority shareholders to obtain majority representation on the board.
• D) under straight voting, shareholders owning a majority of the voting shares can always elect the entire board of directors.

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Definitions:

Performance Target

A specific goal set by a business or organization to measure the effectiveness and efficiency of its operations, employees, or processes.

Training Time

The period allocated for preparing employees through instruction and practice to perform their duties effectively.

On-Time Deliveries

The performance measure of delivering goods or services to customers within the promised time frame, reflecting efficiency and reliability.

Strategic Objectives

Strategic objectives are specific goals set by a business or organization that align with its overall purpose or vision, often guiding its plans and actions.