Which of the Following Statements Is True with Respect to Cumulative

question 85

Multiple Choice

Which of the following statements is true with respect to cumulative voting?

• A) Cumulative voting permits one votes for a single director.
• B) Cumulative voting gives minority shareholders less chance of being represented on the board of directors.
• C) If 6 directors are to be elected and you own 100 shares, you may vote all 600 votes for one director and none for the others.
• D) none of the other answers are correct

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Definitions:

Wage Increase

An upward adjustment in the pay that employees receive for their work.

Deferred Annuity

An insurance contract designed to generate regular payments starting at a future date, often used as a retirement investment.

Quarterly Payment

Regular payments made every three months on a loan or investment.

Compounded Semi-annually

The process of adding interest to the principal sum of a loan or deposit, where the interest is added twice a year.