In 2010,Smileytown Consumed 50,000 Tubes of Toothpaste

question 115

Multiple Choice

In 2010,Smileytown consumed 50,000 tubes of toothpaste.In 2011,toothpaste consumption rose to 62,000 tubes.Calculate the percentage change in toothpaste consumption.

• A) 12%
• B) 16.42%
• C) 19.35%
• D) 24%

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Definitions:

Purpose Clause

A section within a legal document or law that outlines the intent or goal of the document or statute.

Model Business Corporation Act

A model set of laws prepared by the American Bar Association that serve as a guide for state legislations to regulate corporate formation, operation, and dissolution.

Minority Shareholder

An investor who owns less than 50% of a company's shares, holding less control over decisions.

Oppression

The officers, directors, or controlling shareholder’s isolation of one group of shareholders for disadvantageous treatment to the benefit of another group of shareholders.