Tracy is attending the annual general meeting of shareholders of Acor Corporation.Seven directors are going to be elected from twenty nominees during the meeting through cumulative voting.One thousand shares will be voted.What is the minimum number of shares that Tracy needs to have to be able to elect three directors?
A)374
B)375
C)376
D)377

Question

Quizplus · Accepted Answer

Since seven directors are to be elected from twenty nominees through cumulative voting and 1,000 shares will be voted,Tracy needs to own 376 shares of Acor to elect three directors: X = (1,000 x 3)/(7 +1)+ 1.

Tracy Is Attending the Annual General Meeting of Shareholders of Acor