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:

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like rent, wages, and insurance premiums.

Operating Income

measures a company's profit after deducting operating expenses like wages and cost of goods sold, but before interest and taxes.

Unit Selling Price

The price for which a single unit of a product is sold, not including discounts or promotions.

Unit Variable Costs

Costs that vary directly with the level of production or output, unlike fixed costs, which remain constant regardless of production volume.