Given That There Are 4,000,000 Shares Outstanding in Miller Corp

question 87

Multiple Choice

Given that there are 4,000,000 shares outstanding in Miller Corp., how many shares will be required for a minority group of stockholders to elect two of the nine members on the board of directors? (Assume cumulative voting is required.)

• A) 800,001
• B) 1,000,001
• C) 1,090,910
• D) 888,889

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Definitions:

Net Factor Payments

The difference between the payments made to factors of production from abroad and the payments made to foreign factors of production domestically.

GDP

Gross Domestic Product, the total value of all goods and services produced over a specific time period within a country's borders.

GNP

Gross National Product, the total value of all goods and services produced by the residents of a country within a specific time period, including income earned abroad.

Titanium

A strong, light, corrosion-resistant metal with the highest strength-to-density ratio of any metallic element.