Cumulative voting is a method of voting designed to allow minority shareholders representation on th
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board of directors.
incorporators.
officers.
shareholders.
44.
Bart and Cary are directors of Digital Designs, Inc. Voting by Bart and Cary at corporate directors' meetings
(Points: 4)
may be cumulative.
may be done by proxy in all states.
must be done in person.
all of the above.
45.
Irma, Jim, and Kelly are the directors of Liberty Corporation. Liberty has nine officers and forty-six shareholders. Dividends are ordered by the firm's
(Points: 4)
board of directors.
incorporators.
officers.
shareholders.
46.
Visual Play Company makes DVD players. Visual Play is like most corporations in that its officers are hired by the firm's
(Points: 4)
board of directors.
incorporators.
other officers.
shareholders.
47.
Adam and Beth are officers of Computer Products Corporation. As corporate officers, the rights of Adam and Beth are
(Points: 4)
determined by their employment contracts.
specified in state corporation statutes.
the same as those of the directors.
the same as those of the shareholders.
48.
Applied Innovations, Inc., has thirty-five shareholders. The minimum number that must be present at a meeting for a shareholders' vote is
(Points: 4)
a proxy.
a quorum.
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