Generally,a Quorum of Shareholders Exists When Shareholders Holding More Than

question 23

Multiple Choice

Generally,a quorum of shareholders exists when shareholders holding more than ______ percent of the outstanding shares are present.

• A) 80
• B) 70
• C) 60
• D) 50
• E) 25

Recognize the impact of corporate actions on various stakeholders including the community, employees, and the environment.

Identify different views on the role of businesses in society, from classical economic to socioeconomic models.

Comprehend the strategies businesses can adopt toward social responsibility, from reaction to proaction.

Understand the concept of corporate philanthropy and its relation to corporate social responsibility.

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Definitions:

Ethics Competency

The ability to understand ethical principles, recognize ethical dilemmas, and make decisions that are in line with ethical guidelines.

Creative Accounting

The practice of manipulating financial records and reports to present a more favorable view of a company's financial position than is actually the case.

Corporate Theft

Corporate theft refers to the illegal taking of a company's assets, either by individuals within the organization or by external parties, for personal gain.

Extinction Procedure

A behavioral psychology technique involving the discontinuation of reinforcements for a certain behavior, leading to its reduction or elimination.