Staggered Elections

question 46

Multiple Choice

Staggered elections

• A)allow a portion of the board members to be elected on a permanent basis.
• B)increase the difficulties incurred when trying to replace the board of directors.
• C)are set forth in supermajority amendments.
• D)can be altered on a one-time basis to open all seats on the board to a simultaneous vote if shareholders approve a standstill agreement.
• E)increase the probability that a firm will be acquired by a stronger competitor.

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Definitions:

Need-Satisfaction

A sales strategy that focuses on identifying and meeting the needs of the customer.

Prospect Participation

The involvement or engagement of potential customers in the sales process.

Memorized Sales Presentation

A scripted pitch that a salesperson delivers from memory to potential customers.

AIDA Procedure

A model used in marketing and advertising that stands for Attention, Interest, Desire, and Action; outlining the steps to influence a customer's buying decision.