1 pts Question 1 Cumulative voting may allow certain groups of minority shareholders (who normally would not be able to elect anyone to the board of directors) to achieve some representation on the board of directors True O False 1 pts Question 2 In order for a shareholders' meeting to conduct business, there must be a quorum present of all outstanding shares, not of shareholders. For example, in a corporation that has a simple majority required for a quorum, if Ahmad owns 60% of the stock and Bettina, Cassie, D'Andre and Elijah each own 10%, Ahmad can by himself constitute a quorum. True False Question 3 1 pts Controlling shareholders of a corporation may have a fiduciary duty to the corporation and to the other shareholders. True False Question 4 1 pts A shareholder derivative suit may be brought by one or more shareholders of the corporation when the board of directors fails to act to protect the corporation's interest. True O False