Define class voting. Why would a group of investors be interested in a guarantee of class voting?
Class voting occurs when the charter or applicable corporate law requires one class of stock, usually preferred, to approve a given proposal while other classes of stock are excluded from the vote. Class voting is often sought by investors attempting to protect their control of certain key decisions even if they lose majority control of the corporation's voting equity.
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The Consumer Leasing Act:
A. applies to leases of consumer goods if the total contractual obligation exceeds $25,000. B. requires the creditor to disclose the aggregate costs of leasing consumer goods. C. applies to leases of consumer goods only if the leases are for more than three months. D. does not require the lease agreement to define the consumer's liability.
Karen spilled some coffee on the counter at a coffee shop and failed to wipe it up, and her friend said, “That was bad.” Her friend just ______.
a. misapplied ethical reasoning b. rejected analytical perspective c. became a stakeholder d. performed an ethical analysis
Marketing communications are used both before and after a consumer has purchased a product
Indicate whether the statement is true or false
The U.S. Constitution provides that Congress has the power to regulate commerce with other nations and among the states. The Commerce Clause has what effect(s)?
a. It provides a broad source of power for the federal government to regulate the economy. b. It restricts state regulations that obstruct or unduly burden interstate commerce. c. Both of these. d. Neither of these.