There Is No Minimum Number of Directors Who Must Be

question 20

True/False

There is no minimum number of directors who must be present at a directors meeting in order for decisions to be valid.

Appreciating the principles of Ury's "breakthrough approach" and its applications in negotiation.

Identifying negotiation challenges related to personal styles and how they affect outcomes.

Recognizing the existence and influence of shadow negotiations on formal negotiation processes.

Understanding the strategies for dealing with difficult people, power imbalances, and distributive tactics in negotiations.

---

Definitions:

Break-Even

The point at which total costs and total revenues are equal, resulting in neither profit nor loss.

Margin of Safety

Margin of safety represents the difference between actual or projected sales and the break-even sales levels, measuring the buffer a company has before it incurs a loss.

Break-Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Variable Costs

Costs that change in proportion to the level of goods or services produced by a business.