Which of the Following Is an Example of Cumulative Voting

question 18

Multiple Choice

Which of the following is an example of cumulative voting?

• A) Dan and Ben own ten shares together and two directors are to be elected, so they receive the right to cast 12 votes.
• B) Dan owns two shares and two directors are to be elected, but he receives no rights to cast a vote.
• C) Dan owns six shares and two directors are to be elected, so he receives the right to cast six votes.
• D) Dan owns ten shares, and five directors are to be elected, so he receives the right to cast 50 votes.

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Definitions:

Shut-down Point

The level of operation at which a company does not benefit from continuing operation and incurs losses by staying in business.

AVC

Average Variable Cost, which is the total variable costs of production divided by the quantity of output produced.

MC

MC, or Marginal Cost, is the cost of producing one additional unit of a product, crucial for understanding profit maximization in businesses.

Marginal Revenue

The additional income from selling one more unit of a good; essentially the change in total revenue from an additional unit sold.