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What is the defensive stance to social responsibility?
Legal Obligation
A duty imposed by law that requires an entity or individual to perform or refrain from performing a certain action.
Cumulative Preferred Stock
A type of preferred stock that entitles shareholders to receive dividends in arrears before any dividends can be distributed to common stockholders.
Par Value
A value assigned to a security or stock by the company that issues it, typically representing the minimum price the security can be sold for upon its initial offering.
Dividend
A portion of a company's earnings distributed to shareholders, usually in the form of cash or additional shares.
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