Given That There Are 4,000,000 Shares Outstanding in Miller Corp

question 15

Multiple Choice

Given that there are 4,000,000 shares outstanding in Miller Corp., how many shares will be required for a minority group of stockholders to elect two of the nine members on the board of directors? (Assume cumulative voting is required.)

• A)800,001
• B)1,000,001
• C)1,090,910
• D)1,000,000

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Definitions:

Social Order

The organized pattern of social relationships and social institutions that together compose society.

Societal Expectations

The explicit or implicit rules and standards established by a society that influence individual behavior and social interactions.

Social Role

The pattern of behavior that is expected of a person who is in a particular social position.

Psychological Theory

Psychological theory encompasses the ideas, hypotheses, and models that seek to explain behaviors, thought processes, and emotions of individuals.