In most corporations a director could be elected as long as he or she received a __________ of the votes cast for any nominee,without regard to the number of votes withheld; but more recently,the process in which a director must receive a __________ of the shares voted to be elected has become more prevalent.
A) proxy; majority
B) quorum; proxy
C) plurality; majority
D) quorum; plurality

Question

Quizplus · Accepted Answer

The first blank requires a term that denotes receiving the highest number of votes, but not necessarily a majority of votes. This term is "plurality," and therefore options A and D can be eliminated. The second blank requires a term that denotes receiving more than half of the total votes cast, which is a "majority." Therefore, option C is the correct answer. Option B is incorrect because it refers to the minimum number of shareholders required to conduct business, which is not relevant to the election of directors.

In Most Corporations a Director Could Be Elected as Long