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Question
Suppose Lisa owns 1,000 shares of a corporation. Assume that four directors are to be elected to the board. With ________ voting, Lisa can multiply the number of shares she owns (1,000) by the number of directors to be elected (four), and she can cast all the resulting votes (4,000) for one candidate or split them among candidates as she determines.A) supramajority
B) noncumulative
C) cumulative
D) preemptive
Answer
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Related questions
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The Equal Protection Clause makes the classification of individuals based on their race unlawful.
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A) No person shall be deprived of life, liberty, or property without due process of the law.
B) No state can regulate foreign trade directly or indirectly without due process of the law.
C) Motions for amendments to the constitution cannot be made without a majority in the parliament.
D) Violation of freedom of speech makes the violator liable for immediate prosecution with due process of the law.
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The lawfulness of government classifications based on a protected class other than a suspect class or a fundamental right, such as a classification based on gender, is examined using a(n) ________ test.
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State governments do not have the power to regulate commerce with foreign nations.
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Registered accounting firms that audit more than 100 public companies annually are subject to inspection and review by the Public Company Accounting Oversight Board (PCAOB) once a year.
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The SEC has oversight and enforcement authority over the Public Company Accounting Oversight Board (PCAOB).
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The accountant-client privilege provides that ________.
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A due diligence defense cannot be asserted by an accountant against the civil liabilities of Section 11(a) of the Securities Act of 1933.
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Which of the following is true of Rule 10b-5?
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When an accountant has behaved negligently causing damage to a third party, the third party ________.
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A rule that says that an accountant is liable for negligence to third parties who are foreseeable users of the client's financial statements is known as ________.
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A) Financial Accounting Standards Board (FASB)
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Which of the following statements is true of accountants?
A) Accountants who pass the CPA examination are called private noncertified accountants.
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