The votes for each stock holder were multiplied to number of elected directors, to calculate ___________?
Correct answer: B. number of votes assigned
- A. number of cumulative class
- B. number of votes assigned
- C. number of elective candidates
- D. number of common stock shares
Explanation
Under cumulative voting, each shareholder’s shares are multiplied by the number of directors to be elected, giving the shareholder that many votes to distribute among candidates. This quantity is the number of votes assigned.
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About Business Finance
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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