Jonathan Serves on Foot Locker's Board of Directors

question 34

Multiple Choice

Jonathan serves on Foot Locker's board of directors.How did Jonathan get this position?

• A) He volunteered for the assignment.
• B) He was appointed by the chief executive officer.
• C) He was assigned by the Federal Trade Commission.
• D) Through default as the largest stockholder,Wade got the position.
• E) He was elected by the company's stockholders.

---

Definitions:

Restrictive Clauses

Provisions in contracts that limit certain activities or behaviors to protect contractual interests, often found in loan agreements and employment contracts.

Senior Debt

Debt that has priority over other unsecured or otherwise more junior debt owed by the issuer in the case of bankruptcy.

Debentures

A type of long-term debt instrument that is not secured by physical assets or collateral.

Callable Unsecured Bonds

Bonds that can be redeemed by the issuer before their maturity date at a specified call price and are not secured by collateral.