Today, Most System and Application Software Is Custom Built by In-House

question 47

True/False

Today, most system and application software is custom built by in-house programmers.

---

Definitions:

Voting Trust

An agreement among shareholders to transfer their voting rights to a trustee.

Cumulative Voting

A system of voting for corporate directors that is designed to benefit minority shareholders by allowing shareholders to multiply their voting shares by the number of directors to be elected.

Cumulative Voting

A voting system used in corporate elections that allows shareholders to concentrate their votes on a single candidate rather than distributing them among multiple candidates.

Proxy Voting

The process by which shareholders vote on company matters through a representative rather than in person.