Final answer:
Cumulative voting is a system where each shareholder votes the number of shares they own on candidates for different positions. This allows minority shareholders to have more influence and increases the chances of candidates with fewer shares being elected. The answer is option c.
Step-by-step explanation:
A system in which each shareholder votes on the number of shares he or she owns on candidates for each of the positions open is known as cumulative voting. In cumulative voting, shareholders have multiple votes that they can allocate to candidates based on the number of shares they own.
This type of voting system allows minority shareholders to have more influence and increases the chances of candidates with fewer shares being elected. For example, if a shareholder owns 100 shares, they can cast all 100 votes for one candidate or distribute their votes among multiple candidates.