A Company Has Two Open Seats,Seat a and Seat B,on

question 43

Multiple Choice

A company has two open seats,Seat A and Seat B,on its board of directors.There are 6 candidates vying for these 2 positions.There will be a single election to determine the winner of both open seats.As the owner of 100 shares of stock,you will receive one vote per share for each open seat.You decide to cast all 200 of your votes for a single candidate.What is this type of voting called?

• A)democratic
• B)cumulative
• C)straight
• D)deferred
• E)proxy

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Definitions:

Earnings Per Share

A company's profit divided by the outstanding shares of its common stock, indicating the company's profitability.

Trustee Services

Services provided by an entity (a trustee) who holds or manages assets or property for the benefit of a third party.

Trust Companies

Financial institutions that act as agents for individuals or businesses to manage, invest, and safeguard assets.

Corporate Income Tax

Taxes imposed on the net income of corporations.