based on revised corporation code

1) Under cumulative voting, the formula to determine the number of shares needed to elect a desired number of directors is as follows: (S/Desired number of directors) + 1)/(D+1) wherein S-total number of shares voting while D-number of directors to be elected. If there are 1000 outstanding voting shares in the corporation and five directors will be elected, and all the shares are present and are going to vote, what is the minimum required number of voting shares necessary to elect two directors?

a. 334 voting shares.

b. 402 voting shares.

c. 302 voting shares.

d. 501 voting shares.

2)When one corporation buys all the share of another corporation, what is the effect, as general rule? (AB Inc. acquires 100% of common stock of ABCD Inc.)

a. This will result automatically to merger.

b. This will result automatically to consolidation.

c. This will operate to dissolve the acquired corporation.

d. This will maintain their separate entities and one will not answer for the debts of the other.