Cumulative Voting Is Permitted So the Majority of Shareholders Can

question 21

True/False

Cumulative voting is permitted so the majority of shareholders can keep control of the board of directors.

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Definitions:

Clearly Distinguishable Component

A part or element of a larger item that can be separated and identified individually in analysis or assessment.

Major Line of Business

A Major Line of Business is a primary segment or activity from which a company generates a significant portion of its revenue.

Major Geographical Area

A significant region or territory in which a business operates, often used in financial reporting to segment results by location.

Held for Future Use

Assets that are not currently utilized in operations but are retained for potential future benefit or use within the organization.