The Blue Marlin Is Owned by a Group of 5

question 52

Multiple Choice

The Blue Marlin is owned by a group of 5 shareholders who all vote independently and who all want personal control over the firm.What is the minimum percentage of the outstanding shares one of these shareholders must own if he or she is to gain personal control over this firm given that the firm uses straight voting?

• A)17 percent
• B)20 percent plus one vote
• C)25 percent plus one vote
• D)50 percent plus one vote
• E)51 percent

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Definitions:

Social Partnership

A model of industrial relations where employers, labor unions, and sometimes governments collaborate to negotiate and manage labor relations and economic policies.

Voluntarism

is a principle or system whereby actions and initiatives are undertaken voluntarily, often in the context of social and charitable endeavors, without coercion or regulatory mandate.

Workplace Equity

Fairness in treatment, opportunities, and advancements for all employees within a workplace, regardless of their personal characteristics or background.

Workplace Change

Modifications to the working environment, processes, or culture within an organization, often aimed at improving efficiency, productivity, or worker satisfaction.