If You Own 1,000 Shares of Common Stock of a Firm

question 41

Multiple Choice

If you own 1,000 shares of common stock of a firm and there are five directors being elected, What is the maximum number of votes you can cast for a particular director under cumulative voting?

• A) 5,000
• B) 1,000
• C) 200
• D) None of the above

---

Definitions:

Unemployment

The situation in which individuals who are capable of working and are actively seeking employment are unable to find a job.

Professional Baseball

A sport played by athletes who receive compensation for their performance, often associated with leagues and teams that are part of the organized sport industry.

Draft Players

The selection of athletes by professional sports teams during an organized process, commonly referred to as a draft.

Equilibrium Price

The price at which the quantity of goods suppliers are willing to sell equals the quantity of goods consumers are willing to buy, leading to market balance.