Fashions,Inc

question 27

Multiple Choice

Fashions,Inc.has 12 shareholders.There is no shareholder agreement concerning the board of directors.The company is subject to the Model Act.How many directors is Fashions,Inc.required to have?

• A)none
• B)one
• C)two
• D)five

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Definitions:

Federal Protection

Safeguards provided by a federal government to protect citizens, natural resources, or historical sites, often through legislation or law enforcement agencies.

Slave Labor

The coerced labor of individuals who are owned by others, a practice that was historically common in many parts of the world, including the United States until the 19th century.

Southern

Pertaining to or characteristic of the south part of a region, country, or city.

Family Life

The daily interactions, routines, and relationships among members of a household, encompassing the various dynamics and structures of families.