A corporation has 1,000,000 shares outstanding and 10 directors are up for election. If the stock features cumulative voting, approximately how many shares do you have to muster in order to guarantee yourself a place on the board of directors? (Ignore possible ties.)
A)500,000
B)200,000
C)100,000
D)1,000,000

Question

Quizplus · Accepted Answer

The Answer of A corporation has 1,000,000 shares outstanding and 10 directors are up for election. If the stock features cumulative voting, approximately how many shares do you have to muster in order to guarantee yourself a place on the board of directors? (Ignore possible ties.)
A)500,000
B)200,000
C)100,000
D)1,000,000

A Corporation Has 1,000,000 Shares Outstanding and 10 Directors Are