Which of the Following Is an Example of Cumulative Voting

question 20

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 right 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:

Bid-rigging

A form of fraud where competitors collude to inflate prices in procurement bids, undermining fair competition.

Cartels

Associations of independent businesses or organizations that agree to regulate production, pricing, and marketing of goods to maximize profits.

Winning Bids

Offers in an auction that outmatch all others, securing the auctioned item or service for the bidder.

Bid-rigging

An illegal agreement between parties to fix the outcome of a bidding process to benefit themselves at the expense of others.