Question

Sharon Bohnette owns 1,000 shares of Northern Chime Company. There are four seats on the board of directors up for election a

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Under traditional method, number of votes = number of shares. She may cast 1,000 votes for herself.

Under cumulative method, number of votes = number of shares * number of seats up for election.

Number of votes = 1,000 * 4 = 4,000. She may cast 4,000 votes for herself.

Add a comment
Know the answer?
Add Answer to:
Sharon Bohnette owns 1,000 shares of Northern Chime Company. There are four seats on the board...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT