Explain Why Small Shareholders Should Prefer Cumulative Voting Over Straight

question 50

Essay

Explain why small shareholders should prefer cumulative voting over straight voting.

---

Definitions:

Continuous Variables

Variables that can take an infinite number of values within a given range, including decimals and fractions.

Binomial Random Variable

A type of random variable that takes on a fixed number of possible outcomes, with each outcome having a constant probability of occurrence in each independent trial.

Normal Curve

A symmetric, bell-shaped curve representing the distribution of a set of data where most occurrences take place near the mean and probabilities for values taper off equally on both sides.

Continuity Correction

An adjustment made when approximating a discrete distribution with a continuous distribution.