Generally,a quorum of shareholders exists when shareholders representing more than ________ percent of the outstanding shares are present at a shareholder meeting.

A) 80
B) 70
C) 60
D) 50
E) 25

Quorum

The minimum number of members of a deliberative assembly necessary to conduct the business of that group.

Shareholders

Individuals or entities that own shares in a corporation, granting them certain rights in the company, like voting on corporate matters.

Outstanding Shares

The total shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.