A Situation Where Every Director Serves a Three-Year Term and the Terms

question 4

Multiple Choice

A situation where every director serves a three-year term and the terms are staggered so that only one-third of the directors are up for election each year is called a:

• A)white knight.
• B)classified board.
• C)poison pill.
• D)golden parachute.
• E)recapitalization.

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Definitions:

John F. Kennedy

The 35th President of the United States, known for his contributions to civil rights, space exploration, and international diplomacy.

Consumer Ethics

The moral principles and standards that guide the behavior of individuals as consumers in the marketplace.

Unethical Acts

Behaviors or actions that violate moral or professional principles, often leading to negative consequences for individuals or organizations involved.

Economic Need

A requirement deemed necessary for economic stability or growth within a society or individual.