American Depository Receipts

question 22

Multiple Choice

American Depository Receipts

• A) have annual reports and financial statements presented in English.
• B) pay dividends in dollars.
• C) are more liquid and less expensive to buy than foreign stock.
• D) all of the other answers are correct

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Definitions:

RUPA

The Revised Uniform Partnership Act, which is legislation adopted by various states in the United States to regulate the operations of partnerships.

Liability

Legal responsibility for one's actions or for a device, product, or process that can cause harm, leading to the obligation to make restitution.

Implied Authority

The power of an agent to perform acts that are reasonably necessary to accomplish the purpose of an agency agreement.

Consolidate

To combine multiple elements into a single, more effective or coherent whole, often used in the context of financial statements or businesses.