There Is an Election Being Held to Fill Two Seats

question 112

Multiple Choice

There is an election being held to fill two seats on the board of directors of a firm in which you hold stock. There are a total of 420 shares outstanding. If the election is conducted under cumulative voting and you own 120 shares, how many more shares must you buy to be assured of earning a seat on the board?

• A) 0
• B) 20
• C) 21
• D) 91
• E) 141

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Definitions:

Performing Activity

The act of carrying out tasks or duties that contribute to the achievement of specific objectives.

Geographical Adjustments

modifications made to policies, wages, or prices to reflect the cost of living or market conditions in different locations.

Warehouse Inventory

The stock of goods and materials held by a company in a warehouse for processing or distribution.

Transportation Costs

Expenses associated with moving goods or individuals from one location to another, including fuel, labor, and vehicle maintenance.