Illustrate the Difference Between Majority and Cumulative Voting Systems Using

question 63

Essay

Illustrate the difference between majority and cumulative voting systems using as an example a shareholder who owns 1,000 shares and an election in which three directors will be selected. Why might shareholders care about which voting system is adopted?

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Definitions:

U.S. Postal Service

A federal agency responsible for providing postal services in the United States, known for delivering mail and packages domestically and internationally.

Natural Monopoly

A market situation where a single supplier is most efficient in producing or supplying goods or services due to high fixed or startup costs.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, characterized by a reduction in the per-unit cost as production increases.

Industrial Regulation

Laws and regulations that control how businesses can operate in certain industries to protect public safety, health, and the environment.