Your fiRm Is Converting from Cumulative Voting to Straight Voting

question 224

Multiple Choice

Your firm is converting from cumulative voting to straight voting. You currently own the minimum number of shares needed to assure yourself a seat on the board in any election under cumulative
Voting. How many more shares must you purchase in order to assure yourself a seat under straight
Voting? Assume there are a total of 500,000 shares outstanding and that three directors go up for
Election at a time.

• A) 0
• B) 25,000
• C) 125,000
• D) 250,000
• E) 250,001

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Definitions:

ERP

Enterprise Resource Planning, a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management, compliance, and supply chain operations.

Big Data

The collection and analysis of large and complex data sets that traditional data-processing application software are inadequate to deal with.

EDWs

Enterprise Data Warehouses; centralized repositories that store and manage large volumes of structured and unstructured data across an organization.

Analytics

The systematic computational analysis of data or statistics, used for discovering and interpreting patterns, and for decision making.