Bilkis Brands has 20,000 outstanding shares with four shareholders. Ester owns 9,000 shares, Mendez owns 4,000 shares, Judy owns 4,000 shares, and Aaron owns 3,000 shares. Assume that two directors of the corporation are to be elected from a potential pool of five candidates. Ester is in favor of Candidates 1 and 5, Mendez is in favor of Candidates 2 and 4, Judy is in favor of Candidates 4 and 3, and Aaron is in favor of Candidates 2 and 3. If the voting is done by straight voting, which two candidates are likely to win?
A) Candidate 1 and Candidate 5
B) Candidate 1 and Candidate 4
C) Candidate 2 and Candidate 3
D) Candidate 2 and Candidate 4
Correct Answer:
Verified
Q6: An agreement that requires selling shareholders to
Q7: A _ is a date specified in
Q8: Inkilwas Corporation has 30,000 outstanding shares. A
Q9: Which of the following is true of
Q10: Inkilwas Corporation has 30,000 outstanding shares. A
Q12: A system in which a shareholder can
Q13: Derrick has 2,000 shares of Unistone Corporation,
Q14: A shareholder's authorization of another person to
Q15: _ is a system in which each
Q16: When is the annual shareholder's meeting held?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents