ABC CoIs Owned by a Group of Shareholders Who All Vote

question 39

Multiple Choice

ABC Co.is owned by a group of shareholders who all vote independently and who all want personal control over the firm.If straight voting is utilized,a shareholder:

• A)must either own enough shares to totally control the elections or else he/she has no control whatsoever.
• B)will be able to elect at least one director as long as there are at least three open positions and the shareholder owns at least 25% plus one of the outstanding shares.
• C)must own at least two-thirds of the shares, plus one, to exercise control over the elections.
• D)is only permitted to elect one director, regardless of the number of shares owned.
• E)who owns more shares than anyone else, regardless of the percentage of outstanding shares owned, will control the elections.

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Definitions:

Fatty Acids

Long hydrocarbon chains that are components of fats and oils, playing crucial roles in energy storage, cell structure, and signaling.

Peptidases

Proteins that catalyze the conversion of peptides to amino acids by cutting the bonds linking amino acids together.

Proteins

Large, complex molecules that play many critical roles in the body, including catalyzing metabolic reactions, DNA replication, and transporting molecules.

Nucleases

Enzymes that break down nucleic acids by cleaving the phosphodiester bonds between nucleotides.