Question
Mary Acquaah owns 4,000 shares of stock in Delta Chili and wants to win a seat on the board of directors. The firm has a
Mary Acquaah owns 4,000 shares of stock in Delta Chili and wants to win a seat on the board of directors. The firm has a total of 15,000 shares of stock outstanding. Each share receives one vote. Presently, the company is voting to elect three new directors. Which one of the following statements must be true given this information?
Group of answer choices
If cumulative voting applies, Mary can control the entire board. c
If straight voting applies, Mary is assured of one seat on the board.
Regardless of what voting method applies, Mary cannot gain a seat on the board.
If cumulative voting applies, Mary is assured of one seat on the board.
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