16. There are four open positions on the board of directors of QQQ Enterprises. The company has 340,000 shares of s...

Question

Question

Answer 1

Answer #1

Ans: The correct option for the answer is option A i.e. 68,001 shares.

Since the firm uses cumulative voting , here the formulae used as total number of directors =4

shares needed= {1/4+1}*340,000)+1

=1/5*340000+1

= 68000+1

=68,001 shares

The correct option for the answer is option E i..e electronics communication network

Answer 2

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