A firm must pay all current and previously postponed preferred dividends before it can pay any dividends on common shares, thus the preferred shares have the feature called
a. convertible dividend rights.
b. noncumulative dividend rights.
c. cumulative dividend rights.
d. callable dividend rights.
e. participating dividend rights.
C
You might also like to view...
Which of the following methods of determining the optimal size of the sales force has a problem of assumption that the number of salespeople is determined by the expected sales level when, in fact, the opposite is also true? That is, in many cases
sales could be increased with more salespeople. A) breakdown method B) workload method C) marginal economic method D) breakout method
Which of the following statements describes the benefits of a pull strategy?
A. It forecasts the competitor's demand. B. It decreases inventory turnover. C. It allows more efficient production and distribution scheduling to increase costs. D. There is less likelihood of being overstocked or out of stock at each store. E. It does not require advanced systems for implementation.
Power Pro, a leading manufacturer of lawn and garden equipment, releases a new line of cordless, lightweight, electric weed trimmers. To boost sales, Power Pro issues a 50 percent off coupon to the first 100 buyers at all Home Depot stores in the Northeast. Which element of the promotion mix has Power Pro used in this scenario?
A) public relations B) crowdsourcing C) advertising D) sales promotion E) personal selling
Compare and contrast Maslow’s hierarchy of needs theory with McClelland’s need theory.
What will be an ideal response?