Consider a Three-Tier Pyramid and a Single Operating Company

question 15

Multiple Choice

Consider a three-tier pyramid and a single operating company.Assume that 51 percent of the votes confer control at each tier.What is the minimum percentage ownership (approximately) at the highest level in the pyramid that will enable control of the operating company?

• A)100 percent
• B)51 percent
• C)50 percent
• D)26 percent

---

Definitions:

Continuous Metric

A measurement scale that allows for infinite precision and an infinite number of possible values within selected ranges.

Blood Pressure

The pressure of circulating blood against the walls of blood vessels, an important indicator of heart health.

Flipping a Coin

A random experiment or process that has two possible outcomes, typically referred to as "heads" or "tails."

Accounts Receivables

Accounts receivables are the amount of money owed to a company by its customers for goods or services that have been delivered but not yet paid for.