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Self Check Chapter 44 Quiz (WK3)

Self Check Chapter 44 Quiz (WK3) - Self Check Chapter 44...

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Self Check Chapter 44 Quiz (WK3) 1 Cumulative voting may allow certain groups of minority shareholders to achieve  proportionate representation on the board of directors. A) True B) False 2 The bylaws of Fair Oaks, Inc. required a 50% quorum for meetings. There are three  shareholders of the corporation: Peter, who owns 1,000 shares, Jeff, who owns 100  shares, and Michael, who owns 600 shares. If Peter alone appears for a duly scheduled  shareholder meeting, the quorum will be met. A) True B) False 3 If a corporation has had a profitable fiscal year, they must declare a dividend. A) True B) False 4 Spencer owns 50 shares of Arroyo, Inc. Arroyo declares a two-for-one share split, so  that Spencer now owns 100 shares. Spencer's equity has doubled. A) True B) False 5 Corporations use straight voting unless the bylaws mandate cumulative voting.
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