If you own 1,000 shares of stock and you can cast 3,000 votes for a particular director, then the stock features:
A) cumulative voting.
B) absolute priority voting.
C) sequential voting.
D) straight voting.

Question

Quizplus · Accepted Answer

Cumulative voting allows shareholders to concentrate all of their votes for one candidate or distribute them among several candidates as they see fit. In this case, being able to cast 3,000 votes for a single director indicates that cumulative voting is being used.

If You Own 1,000 Shares of Stock and You Can