Examlex
Which of the following is an example of initiation?
Compensation
Payment or reward given to someone in exchange for their services, loss, or suffering, often in the form of money, benefits, or other valuable considerations.
Quorum
A quorum is the minimum number of members of a deliberative assembly (such as a board or committee) necessary to conduct the business of that group.
Majority Vote
A voting requirement where more than half of the votes cast by persons entitled to vote is needed to make a decision or pass a resolution.
MBCA
Model Business Corporation Act, a set of model laws implemented by some states to regulate the affairs of corporations.
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