According to the Chapter 10 Opening Case, Apple's _______ Recently

question 22

Multiple Choice

According to the Chapter 10 Opening Case, Apple's _______ recently used that firm's succession plan to appoint Tim Cook CEO following Steve Job's resignation.

• A) stockholders
• B) board of directors
• C) employees
• D) CEO

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Definitions:

Small Stock Dividend

A dividend paid in the form of additional stock shares rather than cash, usually less than 20-25% of the existing shares.

Common Stock Dividends Distributable

An amount declared by a company’s board of directors to be distributed to common stockholders, recorded as a liability until paid.

Paid-in Capital

The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares.

Stock Dividends

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