Melissa Founded Her Company Using $100,000 of Her Own Money,issuing

question 106

Multiple Choice

Melissa founded her company using $100,000 of her own money,issuing herself 50,000 shares of stock.An angel investor bought an additional 30,000 shares for $75,000.She now sells another 30,000 shares to a venture capitalist for $450,000.What percentage of the firm does Melissa now own?

• A)100%
• B)45%
• C)16%
• D)50%
• E)33%

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Definitions:

Due Process Clause

A constitutional provision in the Fifth and Fourteenth Amendments that guarantees individuals fair treatment through the normal judicial system, especially as a safeguard to protect against arbitrary denial of life, liberty, or property.

Dissenting Opinion

A separate judicial opinion written by a judge who disagrees with the majority's decision in a court ruling.

Ten-Year Terms

A fixed period duration, often used in agreements or contracts, lasting ten years.

U.S. Senate

One of the two chambers of the United States Congress, consisting of 100 members who serve six-year terms representing the 50 states, with each state having two senators.