If you own 1,000 shares of stock and you can cast only 1,000 votes for a particular director, then the stock features:
A)cumulative voting.
B)absolute priority voting.
C)sequential voting.
D)straight voting.
E)None of the above.

Question

Quizplus · Accepted Answer

This scenario describes straight voting, where each share of stock is entitled to only one vote, and the total number of votes that can be cast is equal to the total number of shares owned. Cumulative voting would allow the shareholder to distribute their votes among multiple directors, while absolute priority and sequential voting are not commonly used in corporate elections.

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