What Is the Purpose of Cumulative Voting

question 38

Multiple Choice

What is the purpose of cumulative voting?

• A) to enforce a supramajority voting requirement
• B) to vote on mergers and other fundamental changes to the corporation
• C) to vote to pay dividends
• D) A,B,and C
• E) to give a minority shareholder a better opportunity to elect someone to the board of directors

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Definitions:

Osama Bin Laden

The founder of al-Qaeda, a jihadist organization responsible for numerous terrorist attacks, including the September 11, 2001 attacks on the United States.

Gulf War

A conflict that took place in 1990-1991, triggered by Iraq's invasion of Kuwait, leading to a military campaign by coalition forces led by the United States to expel Iraqi troops from Kuwait.

Supreme Court

The highest federal court in the United States, with ultimate judicial authority to interpret and decide upon the constitutionality of laws.