State law provides that existing shareholders may buy new issues of stock in the same
proportion as their current holdings. This is done to allow the current stockholders to keep the
same voting and dividend rights they had before the new issue.
This right is known as a right
of:
A) Ratification.
B) Preemption.
C) Buy-sell.
D) First refusal.
E) Redemption.
B
You might also like to view...
Sturbridge Company manufactures fine furniture and grandfather clocks. Sturbridge has an excellent reputation, and each grandfather clock sells for several thousand dollars. Which of the following is an indirect cost, assuming the cost object is the Clock Department?
A. Salary of the clock production supervisor B. Depreciation on clock-making equipment C. Depreciation on the factory building D. All of the answers are correct.
Which of the following methods fully recognizes the fact that some service departments provide service to other service departments?
A. Indirect method. B. Step-down method. C. Direct method. D. Reciprocal method. E. Dual-cost allocation method.
The business corporation is a key institution not only in the American economy but also in the world power structure
Indicate whether the statement is true or false
A ____ modem connection is a high-speed Internet service provided by cable television service providers.
A. cable B. DSL C. dial-up D. modem