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INSTRUCTOR'S ACTIVITY GUIDE

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Pause – A quorum is the number of voting members who must be present for business to be legally transacted. The quorum is set out in the company’s by laws. – The Chair officially starts the meeting by rapping the gavel twice to call the meeting to order when there are enough voting members there to form a quorum.

– With parliamentary procedure, business is conducted in what is called the Standard Order of Business. Generally, this is 1) reading and approval of minutes, 2) reports of officers, boards, and standing committees, 3) reports of special committees, 4) unfinished business and 5) general orders. – Minutes are a written record of what happened at the meeting , such as who was in attendance, what decisions were made, how people voted, what issues where discussed, and what plans were made. Pause – If no one states a correction to the minutes, the Chair declares them approved . That makes them the official record of the last meeting. Pause – A standing committee is a permanent part of the organization , such as an Employee/Management Performance Review committee. – A special committee may also be called a select or ad hoc committee . This committee is temporary and created to perform a specific task or undertake a certain investigation. Pause – Before a member can address the assembly he or she must obtain the floor . To do this, they can raise their hand, stand up or ask to speak. The Chair states: “The Chair recognizes…”, which gives that person the right to speak, but only on the topic being addressed at that time . Pause – A motion is a proposal that the group take certain specific action. PRODUCT PREVIEW

229 THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY

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