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Scenario 6-5 Madison State University Has a Reputation for Having a Powerful

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Scenario 6-5
Madison State University has a reputation for having a powerful intercollegiate coed bowling team. Seating in the campus bowling alley only allows for 400 fans to attend their matches. Long lines for seats have formed in the past, with many fans leaving disappointed because they could not get a ticket. As a result, the school's administrators decided to institute a "priority seating" plan in which fans would be given access to advance tickets based on the following schedule:"Lanemaster Club" - $10,000 annual donation to the bowling program - guaranteed free box seats to any match(100 seats total) "Strike Club" - $1,000 annual donation to the bowling program - guaranteed free bleacher seats to any match (100seats total) "Kingpin Club" - participants in local recreation bowling leagues - guaranteed bleacher seats for $10.00 to anymatch (100 seats total) "Alleycat Club" - students who have maintained a 3.9 GPA or better - guaranteed bleacher seats for $1.00 to any match (100 seats total)
-(Scenario 6-5) A group of about 30 students who are roommates and friends of the team members-many are casual bowlers themselves-have attended every match for nearly three years.These students would best be described as:

Definitions:

Voting Trust

A legal arrangement where shareholders' voting rights are transferred to a trustee, typically to consolidate control over a company for a specific period.

Corporate Control

The ownership structure or management practices that determine the decision-making process within a corporation, often related to the possession of a substantial portion of the company's stock.

Shareholder Voting Agreements

Contracts among shareholders of a corporation where they agree on how they will vote their shares on certain matters.

Voting Trusts

Legal arrangements where shareholders' stock is transferred to trustees, who vote on the shareholders' behalf.