A Majority System, Which Is Used on a Limited Basis

question 81

Multiple Choice

A majority system, which is used on a limited basis in the United States, requires that a candidate must win ________ to win an election.

• A)at least 33 percent of all votes cast
• B)at least 40 percent of all votes cast
• C)50 percent plus one of all votes cast
• D)at least 60 percent of all votes cast, plus a percentage of absentee ballots

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Definitions:

Earnings Per Share

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

Outstanding

An adjective describing something that is still in progress, unsettled, not yet resolved, or in the case of financials, amounts owed that have not yet been paid.

Shares Issued

The total number of shares that a corporation has legally sold to shareholders, including those held by the public and by the company.

Preferred Stock

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, usually with fixed dividends.