If Three Seats on the Board of Directors Are Up

question 16

Multiple Choice

If three seats on the board of directors are up for election, cumulative voting on common stock allow stockholders to:

• A)cast one vote per share owned for three different candidates.
• B)cast up to three votes per share owned for any one candidate.
• C)save votes from a prior board of directors' election and cast them in the current election.
• D)cumulative voting only applies to preferred stock.
• E)None of the above are true

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Estimated Cost

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Taxes paid by both employees and employers to fund Social Security and Medicare, based on a percentage of the employee's earnings.

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