In cumulative voting, if there are five board seats open and a shareholder has 100 shares, he could direct ______ votes toward a single seat.

A. 100
B. 250
C. 500

Correct Answer: C

Cumulative voting is the procedure for voting for a company's directors; each shareholder is entitled one vote per share multiplied by the number of directors to be elected. This is sometimes known as proportional voting.