Which Class of Stock Entitles Its Owner to Vote for a Corporation's

question 6

Multiple Choice

Which class of stock entitles its owner to vote for a corporation's board of directors, receive dividends, and participate in the net assets upon liquidation of the corporation?

• A) preferred stock
• B) privileged stock
• C) common stock
• D) convertible stock

---

Definitions:

Organizational Architecture

The structure of an organization. Consists of the assignment of decision rights within the organization, the methods of rewarding individuals, and the systems to evaluate the performance of both individuals and business units.

Product Redesign

The process of changing or updating a product’s features, performance, or aesthetics to meet new market demands or improve efficiency.

Just-In-Time

A production strategy aimed at reducing times within the production system as well as response times from suppliers and to customers.

Demand Pull

An economic condition where an increase in demand for goods and services leads to higher prices and production.