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a. What is a quorum of the board of directors for purpose of conducting corporate business? What does the Revised Act say with regard to a quorum? What is a supermajority requirement?
b. The directors of Bigkey, Inc. can't decide whether to declare a dividend, so the board appoints a committee consisting of the president of the corporation, the vice president of the corporation, and the treasurer to decide whether to pay a dividend. If the committee wants to declare a dividend, the directors say the officers can pay it immediately before the next board meeting. Is this a permissible delegation of corporate authority? Explain.
Bar Chart
A type of graph that represents data with rectangular bars with lengths proportional to the values they represent.
Advertising Costs
The expenses associated with promoting products, services, or brands through various media channels.
Copyright Information
Legal details that specify the rights the author or owner holds over the material, including how it can be used by others.
Main Point
The most important or central idea in a discussion, presentation, or piece of writing.
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