Which of the Following Is True About Supervoting Stock

question 35

Multiple Choice

Which of the following is true about supervoting stock?

• A) Is a commonly used takeover tactic.
• B) Is generally encouraged by the SEC
• C) May have 10 to 100 times of the voting rights of other classes of stock
• D) Is issued to acquiring firms if they agree not to purchase a controlling interest in the target firm
• E) Is a widely used takeover defense

---

Definitions:

Consumers

Individuals or groups who purchase goods or services for personal use and not for manufacturing or resale.

Promise

A declaration or assurance that one will do something or that a particular thing will happen.

Value

The importance, worth, or usefulness of something, often considered in terms of how much something is worth to someone.

Trade Dress

The visual appearance of a product or its packaging that signifies the source of the product to consumers, including features such as design, color, or shape.