The Feature of Social Institutions That Means Mechanisms Are in Place

question 26

Multiple Choice

The feature of social institutions that means mechanisms are in place to determine responsibility for an action is called

• A) due process.
• B) accountability.
• C) the courts of appeal.
• D) the judicial system.

---

Definitions:

Cash Dividend

A payment made by a company out of its earnings to investors in the form of cash.

Dividend Declaration

An official announcement by a company’s board of directors to pay a specified dividend at a later date.

Common Dividend Payable

is a liability recorded on a company’s balance sheet representing the amount of dividends declared by the board of directors to be paid out to common stockholders.

Stock Dividend

A distribution of a corporation's earnings to its shareholders in the form of additional shares, rather than cash.