Jensen Shipping Has 38,400 Shares Outstanding and Uses Cumulative Voting

question 7

Multiple Choice

Jensen Shipping has 38,400 shares outstanding and uses cumulative voting. The firm grants one vote for each share of common stock. What is the minimum number of votes required to obtain a seat on the board of directors if there are three open seats?

• A) 12,800
• B) 9,600
• C) 12,801
• D) 9,601
• E) 19,201

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Definitions:

Influencing Responses

Communications in therapy designed to guide or encourage clients toward positive behavioral or cognitive changes.

Defensive

A psychological reaction that involves denying or rationalizing away the implications of an uncomfortable truth or reality.

Discontinuing Therapy

Discontinuing therapy refers to the process of ending the therapeutic relationship or counseling sessions, typically when goals are met or due to other reasons.

Immediacy

The quality of bringing one into direct and instant involvement with something, without intermediary.