The Voting Procedure Where You Must Own 50 Percent Plus

question 54

Multiple Choice

The voting procedure where you must own 50 percent plus one of the outstanding shares of stock to guarantee that you will win a seat on the board of directors is called _____ voting.

• A)proxy
• B)cumulative
• C)deferred
• D)straight
• E)democratic

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Definitions:

Coefficient

A numerical or constant value that multiplies a variable in a mathematical expression, often used in equations to represent the relationship between variables.

Price Elasticity of Demand

An indicator of the sensitivity of the demand for an item to adjustments in its pricing.

Perfectly Inelastic Demand

Product or resource demand in which price can be of any amount at a particular quantity of the product or resource that is demanded; when the quantity demanded does not respond to a change in price; graphs as a vertical demand curve.