Definition

Quorum

Quorum is the fixed minimum number of members of an organization or society who must be present at a meeting for its business to be valid.

Webster Dictionary Meaning

1. Quorum
- Such a number of the officers or members of any body as is competent by law or constitution to transact business; as, a quorum of the House of Representatives; a constitutional quorum was not present.
Category: Business Studies
Share it:  Cite

More from this Section

  • Comparative Advantage
    Comparative Advantage is a theory of international trade that originated with David Ricardo ...
  • Morale in Organizations
    Morale is the attitude workers have toward the quality of their total work life. In reality, ...
  • Businessowners policy
    Businessowners policy is a package policy specifically designed to meet the basic property ...
  • Free cash flow drives
    Operations drive free cash flow. Specifically, value is added in operations through operating ...
  • Report
    Report means an orderly, objective message used to convey information from one organizational ...