The type of voting in which all the directors in voting lists are voted at same time is classified as ___________?
Correct answer: A. cumulative voting
- A. cumulative voting
- B. non-cumulative voting
- C. dual class voting
- D. limited voting
Explanation
Cumulative voting is used when shareholders vote in an election involving the full set of board positions, with votes capable of being concentrated on particular nominees. The wording is imprecise because it does not mention this vote-concentration feature, but option a is the intended choice.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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