A Firm Is Using Cumulative Voting and Four Director Spots

question 21

Multiple Choice

A firm is using cumulative voting and four director spots are up for election. There are 3.6 million shares outstanding. How many shares must a minority owner own or control to ensure that he or she can gain control of one seat on the board of directors?

• A) 900,001
• B) 880,001
• C) 720,001
• D) 1,800,001
• E) 1,750,001 [((1/(4 + 1)) * 3.6 million] + 1

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Definitions:

Output Energize

Relates to activating an output module in a control system, thereby supplying power or signal to the connected load or device.

Input Energize

Involves the process of providing electrical or signal power to a system's input to activate or trigger a response.

Module Address

The specific location or identifier assigned to a module within a system, such as a PLC, which allows it to be accessed and communicated with.

Output Energize Instruction

A type of programming command used in PLC (Programmable Logic Controllers) that enables or activates an output based on specified conditions.