Which of the following is not a feature of common stock?
A. Stockholders receive regular fixed payments on their shares.
B. Stock holders are residual claimants.
C. Stockholders have limited liability.
D. Stockholders have voting rights.
Answer: A
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Suppose all individuals in a group have homothetic tastes. Then we can be sure that the group can be treated as a single representative consumer is if the group members also have identical tastes.
Answer the following statement true (T) or false (F)
Explain the concept of the "idea gap" in development economics
What will be an ideal response?
When consumers or producers do not bear the full cost of their economic decisions, they tend to produce or consume more than they otherwise would
a. True b. False Indicate whether the statement is true or false
Fixed costs are
A) costs that never change. B) costs that a firm incurs even when output is zero. C) not actually costs since they do not affect the decisions of a firm. D) costs that increase at a constant rate when output increases.