There are three directors' seats up for election.If you own 1,000 shares of stock and you can cast 1,000 votes in each of the three elections,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

In straight voting, shareholders can cast votes equal to the number of shares they own for each director's seat up for election, but they cannot concentrate all their votes on a single candidate. This is the scenario described, where a shareholder with 1,000 shares can cast 1,000 votes in each of the three elections, indicating straight voting.

There Are Three Directors' Seats Up for Election