There are three directors' seats up for election.If you own 1,000 shares of stock and have been granted a total of 3,000 votes to cast in a single election,then the firm uses the voting procedure referred to as:
A)cumulative voting.
B)absolute priority voting.
C)sequential voting.
D)straight voting.
E)market share voting.

Question

Quizplus · Accepted Answer

Cumulative voting allows shareholders to distribute all of their votes to a single candidate or split them among multiple candidates as they see fit. In this case, the shareholder has been granted 3,000 votes to cast, indicating that the company is using cumulative voting.

There Are Three Directors' Seats Up for Election