Thor Power Products Corporation Permits Its Directors to Be Elected

question 57

Multiple Choice

Thor Power Products Corporation permits its directors to be elected by cumulative voting.This

• A)allows minority shareholders to be represented on the board
• B)assures directors that they will be selected by their peers
• C)guarantees Thor's executive officers of the final choice.
• D)ensures against persons who may "cloud" the corporate direction.

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Definitions:

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising.

Sales

The activities involved in selling products or services, including marketing, negotiation, and transaction processes.

Coffee Shop

A retail establishment that sells coffee, tea, and often light meals or pastries, providing a social or work space for customers.

Franchise

Contractual agreement in which a franchisee gains the right to produce and/or sell the franchisor’s products under that company’s brand name if they agree to certain operating requirements.