Consider a Firm That Has Dual-Class Shares with 250 Million

question 51

Multiple Choice

Consider a firm that has dual-class shares with 250 million Class A shares (having 1 vote each) and 75 million nonlisted Class B shares having 8 votes each.The shares are otherwise identical.If one requires 51 percent of the votes to control the firm, what number of Class B shares must one control?

• A)37.5 million
• B)51 million
• C)54.2 million
• D)162.5 million

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Definitions:

Corporate Social Responsibility

An entrepreneurial tactic aimed at sustaining growth through the provision of benefits across economic, social, and environmental spheres for all involved parties.

Self-Promotional

Refers to actions or strategies used by individuals or organizations to draw attention to their own achievements, skills, or products, often to gain recognition or advance their own interests.

Misleading

Providing false or inaccurate information that deceives or is intended to deceive.

Communication Channels

The mediums used to convey information or messages between a sender and receiver, including print, digital media, and interpersonal communication.