Use the Following to Answer Question(s)

question 21

Multiple Choice

Use the following to answer question(s) :
-(Exhibit: Utility) The law of diminishing marginal utility is first observed at the _______ unit.

• A) second
• B) third
• C) fifth
• D) sixth

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Definitions:

Quorum

The minimum number of members needed to be present for a meeting to legally conduct business and make decisions.

Dividends

Distributions from a company to its shareholders, derived from the company's earnings or accumulated savings.

Statutory Close Corporation Supplement

A legal provision or amendment that provides specific regulations and frameworks for closely held corporations.

Corporate Formalities

The procedures, rules, and policies that a corporation must follow to ensure legality and protect its shareholders.