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16. There are four open positions on the board of directors of QQQ Enterprises. The company has 340,000 shares of stock outstanding. Each share is

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16. There are four open positions on the board of directors of QQQ Enterprises. The company has 340,000 shares of stock outstanding. Each share is entitled to one vote. How many shares of stock must you own to guarantee your personal election to the board of directors if the firm uses cumulative voting? A) 68,001 shares B) 85,001 shares C) 170,001 shares D) 113,334 shares E) 60,001 shares 17. In which of the following institutions do dealers carry out transactions? A) NASDAQ B) Federal Reserve C) Securities and Exchange Commision D) New York Stock Exchange E) Electonic Communications Network carry out insactions

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