Question
Anita Job owns 506 shares in the Rapid Employment Company (a firm that provides temporary work). There are 10 directors to be elected. Twenty-one thousand
Anita Job owns 506 shares in the Rapid Employment Company (a firm that provides temporary work). There are 10 directors to be elected. Twenty-one thousand shares are outstanding. The firm has adopted cumulative voting.
a. How many total votes can be cast?
Votes
b. How many votes does Anita Job control?
Job control votes
c. What percentage of the total votes does she control? (Round the final answer to 2 decimal places.)
Percentage %
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Essentials of Business Law
Authors: Anthony Liuzzo
9th edition
007802319X, 978-0078023194
