Question $30(2\mathrm{.}5$ points$)$

The board of directors for Tennis Ball Manufacturers, Inc. contains ten directors.

They are considering a proposal for changing the design of one of its products. Five

directors are present at the meeting and four directors voted in favor of the

proposal. Can the corporation move forward with implementing the change?

No$,$ because the board did not have a quorum when it considered the proposal

No$,$ because the proposal was not approved by the shareholders

Yes, because the proposal did not require shareholder approval

Yes, because the proposal received majority approval