Assume a Corporation Has Cumulative Voting and There Are Two

question 74

Multiple Choice

Assume a corporation has cumulative voting and there are two directors up for election.What is the minimum number of votes a shareholder who owns 100 shares can cast for Candidate Jones if there are a total of 5 candidates?

• A) 0
• B) 20
• C) 40
• D) 100

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Definitions:

Legal Terms

Specific words or phrases with precise meanings used within the context of law and legal proceedings.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles, considering the moral implications of each option.

Compliance Orientation

An approach within organizations that emphasizes adherence to laws, regulations, standards, and ethical norms.

Code of Ethics

A set of guidelines designed to help professionals conduct business honestly and with integrity.