There are three seats on the board of directors of MMT, Inc., up for election. The firm has 175,000 shares of stock outstanding and uses cumulative voting. Each share is granted one vote per open seat. You currently own 10,000 shares that have a market value of $23 each. How much must you spend, if anything, to acquire sufficient shares to guarantee your election to the board? Assume no one else votes for you.
A) $1,111,690
B) $776,273
C) $830,814
D) $1,006,273
E) $688,230
B) $776,273
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The partnership form of organization is more popular among professional service enterprises than among merchandise enterprises
a. True b. False Indicate whether the statement is true or false
In the long run, the only economic variable that the Federal Reserve can affect is
A. inflation. B. output. C. unemployment. D. the exchange rate.
Which of the following guidelines is suggested for implementing a drug-testing program?
A. Avoid using any type of urinalysis, even if they are high-quality techniques. B. Publicize test results among other employees. C. Ensure that those performing the tests know the identity of those being tested. D. Assume employees are drug-free until proven otherwise.
A major reason for using MPR is to
A) capitalize on its assumed trustworthiness. B) put public relations staff in charge of a firm's advertising effort. C) successfully wage questionable publicity stunts. D) keep firms out of the news whenever possible. E) avoid having to hire an outside promotional agency.