Wendy owns 3000 shares of stock in Fast Food and wants to win a seat on the board of directors. The firm has a total of 10,000 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? Select one: a. If straight voting applies, Wendy is assured a seat on the board. b. Regardless of the voting procedure, Wendy does not own enough shares to gain a seat on the board. If cumulative voting applies, Wendy can control all of the open seats. d. If cumulative voting applies, Wendy is assured one seat on the board. If straight voting applies, Wendy can control all of the open seats