There are 3 directors seats up for election. If you own 1,000 shares of stock and you can cast 3,000 votes for a particular director, this is illustrative of: a. multiple voting. b. sequential voting. c. absolute priority voting. d. cumulative voting. e. straight voting. choose one

There are 3 directors seats up for election. If you own 1,000 shares of stock and you can cast 3,000 votes for a particular director, this is illustrative of: a. multiple voting. b. sequential voting. c. absolute priority voting. d. cumulative voting. e. straight voting. choose one

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 27P

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Question

There are 3 directors seats up for election. If you own 1,000 shares of stock and you can cast 3,000 votes for a particular director, this is illustrative of:
a. multiple voting.
b. sequential voting.
c. absolute priority voting.
d. cumulative voting.
e. straight voting.

choose one

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