Mieko is a shareholder of Natural Gas, Inc Natural Gas uses cumulative voting to elect directors. This means that the number of Mieko's votes is determined by the number of
a. years that Mieko has been a shareholder.
b. members of the board to be elected multiplied by the total number of voting shares that Mieko holds.
c. shareholders present at the shareholders' meeting.
d. shareholders' meetings that Mieko has attended.
B
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As a monitor-and-control mechanism, a business plan
A) is useful only before a company is launched. B) always contains the same elements. C) should not identify risks and problems, since these might discourage potential investors. D) is sometimes prepared after a company is up and running. E) is useful only when seeking additional funding.
Describe the negotiator's dilemma. How is it created? How can it be remedied?
What will be an ideal response?
To certify a check, the bank must:
a. tell the one who presents it. b. send a letter to the drawer. c. write the acceptance on the check. d. Any of these will be sufficient.
Capital budgeting investments are based on the assumption that rates of return on investments
as well as current inflation rates will vary during the useful life of the investment. Indicate whether the statement is true or false