Assume that 12,000 shares are represented at a shareholder meeting. How many votes are normally necessary to carry a motion?
A) 4,001
B) 8,001
C) 6,001
D) 10,000

Question

Quizplus · Accepted Answer

In a typical voting scenario, a simple majority is required to carry a motion. Therefore, more than half of the 12,000 shares, which is 6,000, would be needed. Thus, 6,001 votes would be the minimum necessary to achieve a majority.

Assume That 12,000 Shares Are Represented at a Shareholder Meeting