What Type of Voting Does a Corporation Have If There

question 120

Multiple Choice

What type of voting does a corporation have if there are two directors to elect and Director Jones received 50 votes from a shareholder who owns 100 shares?

• A) Majority voting
• B) Cumulative voting
• C) Supermajority voting
• D) Cannot tell voting type from given information

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Definitions:

Debits Checking

The act of verifying or recording amounts debited from a checking account.

Customer Transaction

Any financial transaction or activity involving the sale of goods or services to customers.

Receive Payments

The process of recording the receipt of money from customers in payment for goods or services provided.

Customer Transactions

Financial interactions or operations between a business and its customers, including sales, returns, and payments.