Regarding the election of directors:
a. under the Revised Act, directors are elected by a majority of the votes.
b. cumulative voting is a right of shareholders in all states.
c. cumulative voting permits minority shareholders to obtain majority representation on the board.
d. under straight voting, shareholders owning a majority of the voting shares can always elect the entire board of directors.
d
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Colgate-Palmolive replaced its brand management structure with a product category management structure. A manager who had once managed Colgate toothpaste now manages all of the company's dental products
Under Colgate's new system, a product category manager would have ________. A) profit and loss responsibility for all dental products B) completely different duties than the brand manager had C) less direct authority to achieve goals D) no authority over functions, other than marketing, that affect dental products E) no authority over international dental product sales
A class action lawsuit is certified only if there is commonality among the plaintiffs' claims
Indicate whether the statement is true or false
It is a violation of federal law to sell a pesticide or herbicide that has a chemical strength different from the concentration declared on the label
Indicate whether the statement is true or false
The firm borrows a portion of the value of its inventory and pays off the loan from the proceeds generated by selling the inventory. This is known as:
A) Inventory financing B) Receivable financing C) Sales financing D) Liquidation financing