The Board of Directors of Integral Components Corporation Consists of Frida,Gayla,and

question 61

Multiple Choice

The board of directors of Integral Components Corporation consists of Frida,Gayla,and Hart.A quorum is the minimum number of these directors

• A)who must be at odds in a dispute to call for its resolution.
• B)who must be present to validly transact business.
• C)that the shareholders may remove from office at any one time.
• D)whose positions must be vacant to warrant an election.

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Definitions:

Discount

A reduction applied to the usual cost of goods or services.

Markup Rate

The percentage added to the cost price of goods to cover overhead and profit.

Markup

The amount added to the cost price of goods to cover overhead and profit.

Rectangular Room

A prism-shaped space with four walls at right angles to each other, typically used to describe a standard room shape.