There Are Four Open Positions on the Board of Directors

question 109

Multiple Choice

There are four open positions on the board of directors of Double Tree Restaurants. The company has 180,000 shares of stock outstanding. Each share is entitled to one vote. How many shares of stock must you own to guarantee your personal election to the board of directors if the firm uses cumulative voting?

• A) 36,001 shares
• B) 37,501 shares
• C) 38,501 shares
• D) 40,001 shares
• E) 42,001 shares

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Definitions:

R-Squared

A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Dependent Variable

A variable in an experiment or study whose changes depend on the manipulation of one or more independent variables.

Independent Variable

An independent variable is a condition or factor that can be manipulated in an experiment to determine its effect on a dependent variable, establishing cause-and-effect relationships.

Break-Even Analysis

A financial calculation to determine the volume of production or sales at which total revenues will equal total costs.