Catz Corporation Has Two Majority Shareholders and Five Minority Shareholders

question 82

Multiple Choice

Catz Corporation has two majority shareholders and five minority shareholders.The five minority shareholders created a voting trust in November 2011 to control Catz through the concentration of shareholder voting power in the voting trustees.Under the Model Business Corporation Act (MBCA) ,this voting trust will be valid until:

• A)September 2014.
• B)October 2021.
• C)September 2026.
• D)October 2016.

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Definitions:

Suppliers

Entities that provide goods or services to another entity, typically in a supply chain context.

Break-Even Point

The point at which total sales match total costs, leading to no profits or losses.

Product Development

The complete process of bringing a new product or improving an existing one to the market, from idea conception to final production.

Customer Response Time

The duration it takes for a business to reply to a customer inquiry or request.