The Blue Marlin Is Owned by a Group of 5

question 52

Multiple Choice

The Blue Marlin is owned by a group of 5 shareholders who all vote independently and who all want personal control over the firm.What is the minimum percentage of the outstanding shares one of these shareholders must own if he or she is to gain personal control over this firm given that the firm uses straight voting?

• A)17 percent
• B)20 percent plus one vote
• C)25 percent plus one vote
• D)50 percent plus one vote
• E)51 percent

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Definitions:

Brows Drawn

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Fundamental feelings such as happiness, sadness, fear, disgust, surprise, and anger that are universal among humans.

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An American psychologist known for his contributions to the study of emotions and their role in human development.

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