A Shareholder Owning 100 Shares of Stock Is Voting for the Board

question 35

Multiple Choice

A shareholder owning 100 shares of stock is voting for the board of directors who are elected by cumulative voting.How many votes did the shareholder cast for Director 'A' if four directors are to be elected and the maximum number of votes were cast for 'A'?

• A) 25
• B) 100
• C) 200
• D) 400

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Definitions:

Subdivisions

The act of dividing land into plots or parcels for the purpose of sale, lease, or development.

Applicability

The relevance or suitability of a law, regulation, or principle in a specific context or situation.

Zoning Ordinance

Regulations set by local governments determining how land within their jurisdiction can be used, affecting the development and use of properties.

Occupancy

Occupancy refers to the use or inhabitance of a space, such as a building or land, typically governed by legal or contractual terms.