Derrick Has 2, 000 Shares of the Unistone Corporation Which

question 19

Multiple Choice

Derrick has 2, 000 shares of the Unistone Corporation which is planning to vote for two new directors.Through a special voting provision in the corporation's articles of incorporation, Derrick was able to vote for both his preferred candidates with 2, 000 shares, giving him a virtual voting count of 4, 000 shares.What voting rule in the articles of incorporation allows Derrick to achieve this?

• A)supramajority voting
• B)noncumulative voting
• C)cumulative voting
• D)preemptive voting

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Definitions:

Activities

Activities refer to actions, tasks, or operations that are carried out by individuals or organizations, often aiming towards achieving specific goals or outcomes.

Direct Labor Efficiency Variance

A measure used in cost accounting to gauge the difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate, used in the production of goods.

Standard Direct Labor Cost

The predetermined cost of labor directly involved in manufacturing a product, based on expected wage rates and labor efficiency.

Favorable

A term often used in budgeting and financial reporting to indicate results that are better than expected or budgeted.