There are three directors' seats up for election. If you own 1,000 shares of stock and have been granted a total of 3,000 votes to cast in a single election, then the firm uses the voting procedure referred to as:
A) cumulative voting.
B) absolute priority voting.
C) sequential voting.
D) straight voting.
E) market share voting.
A) cumulative voting.
You might also like to view...
Loyal customers are often more ________ than customers who need price inducements to switch or become a new customer
A) price-sensitive B) price-insensitive C) critical about quality D) expensive
What is the term used to describe the edict that can be issued by health and safety inspectors requiring a contravention to be remedied within a prescribed time period:
a. prohibition notice b. improvement notice c. verboten notice d. notice of betterment
In the national organization Toastmasters, members are required to speak on a regular basis. In one situation, a member pulls a topic from a hat, spends a few minutes preparing, and then gives a 3-5 minute presentation on the topic. What kind of delivery is this?
a. Memorized b. Scripted c. Written-and-read d. Impromptu
Debra is a limited partner in Eco Baits, a pest control service organized as a limited partnership, which cannot pay its debts. Debra is liable for the debts? A) in proportion to the number of partners in the firm
B) to no extent. C) to the extent of her capital contribution to the firm. D) to the full extent.