Tunso Corp.has 1,000 shares of stock outstanding that are permitted to vote for directors.If Tunso Corp.permits cumulative voting, a minority shareholder would need to vote how many shares to elect one of three directors?
A) 501
B) 201
C) 251
D) 334

Question

Quizplus · Accepted Answer

The Answer of Tunso Corp.has 1,000 shares of stock outstanding that are permitted to vote for directors.If Tunso Corp.permits cumulative voting, a minority shareholder would need to vote how many shares to elect one of three directors?
A) 501
B) 201
C) 251
D) 334