The process by which a shareholder obtains as many votes as his or her number of shares multiplied by the number of directors to be elected is called: proxy voting. piercing the corporate veil. limited liability. cumulative voting. passing a shareholder resolution. Authority that is not found in the express or explicit words of the principal, but that is inferred from the nature of the job required and/or the principal's words, is known as: apparent authority. indirect authority. delegated authority. express authority. implied authority. Tax Accounting, LLC, is a member-managed limited liability company. If the law in Tax Accounting's state is like the law in most states, unless the members have agreed otherwise, decisions are made according to: majority vote. participation in management. the number of members. members' seniority