In __________ voting,a shareholder can cast one vote for each share the shareholder owns for each nominee whereas in __________ voting,a shareholder may cast all of his or her votes for one nominee or allocate them among the nominees as the shareholder sees fit.
A) cumulative; straight
B) absolute; cumulative
C) straight; cumulative
D) straight; absolute

Question

Quizplus · Accepted Answer

In a straight voting system, the shareholder can only cast one vote per share for each nominee. So, if there were three nominees and the shareholder owned 100 shares, they could cast a total of 300 votes, but only one vote per nominee. In a cumulative voting system, the shareholder can allocate all of their votes to one nominee (in this case, up to 300 votes for one nominee), or they can divide them among the nominees as they see fit. Thus, the correct answer is C, which correctly defines the differences between straight and cumulative voting.

In __________ Voting,a Shareholder Can Cast One Vote for Each