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Catz Corporation Has Two Majority Shareholders and Five Minority Shareholders

question 66

Multiple Choice

Catz Corporation has two majority shareholders and five minority shareholders.The five minority shareholders created a voting trust in November 2011 to control Catz through the concentration of shareholder voting power in the voting trustees.Under the Model Business Corporation Act (MBCA) ,this voting trust will be valid till:

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Definitions:

Total Utility

The complete fulfillment experienced when a certain amount of products or services is consumed.

Utility Schedule

A utility schedule is a table that shows the relationship between quantities of a good or service consumed and the utility or satisfaction derived from that consumption.

Marginal Utility

The additional satisfaction or utility gained from consuming an extra unit of a good or service.

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a certain quantity of a good or service.