SIE practice questionmediumVoting Rights
A shareholder owns 200 shares of a company's common stock. In an election for three board members, if cumulative voting is used, what is the maximum total votes the shareholder can allocate to a single candidate?
- A200
- B400
- C600✓ Correct answer
- D1,200
Explanation
Why C — 600
Cumulative voting allows shareholders to allocate total votes (shares × positions). 200 shares × 3 positions = 600 votes. The other numbers do not reflect this calculation.
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