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Self Check Chapter 43 Quiz (WK3)

Self Check Chapter 43 Quiz (WK3) - Self Check Chapter 43...

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Self Check Chapter 43 Quiz (WK3) 1 Officers of a corporation are elected by shareholders at the annual shareholders  meeting. A) True B) False 2 The first goal of a corporation is to make money for its shareholders. A) True B) False 3 One purpose of soliciting proxies is to ensure that a quorum is met. A) True B) False 4 Directors need not own stock in the corporations they serve. A) True B) False 5 Supermajority voting requirements are routine in large, publicly-traded corporations as a  means of protecting the multitude of small investors. A) True B) False 6 Elliott, Taylor and Katherine are shareholders in ETK, Inc. Elliott and Taylor have  aligned against Katherine. There is now an election to fill the three director positions.  Which of the following would best protect Katherine's interests? A) Inspection rights B) Cumulative voting C) Business judgment rule D) Corporate opportunity rule 7 Michael, the president of Koonin, Inc. decided to expand its operations and authorized 
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considerable expenditures. Michael based his projections on past earnings. Shortly 
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