Question: Given the information below, is the following statement correct: If cumulative voting applies, Ann is assured one seat on the board. Ann owns 30 shares

Given the information below, is the following statement correct: If cumulative voting applies, Ann is assured one seat on the board. Ann owns 30 shares of stock in a corporation and wants to win a seat on the board of directors. The firm has a total of 100 shares of stock outstanding and each share receives one vote. Presently, the company is voting to elect three new directors.

True or False

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