Which of the Following Are Features of Some Preference Shares

question 15

Multiple Choice

Which of the following are features of some preference shares?

• A)participating.
• B)cumulativeness.
• C)non-participating.
• D)all of the above.

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Definitions:

Income Effect

The change in an individual's consumption patterns due to a change in their real income, typically following a price change of goods.

Indifference Curve

A graph showing a combination of two goods that give a consumer equal satisfaction and utility, representing preferences without implying greater or lesser utility.

Convex

A shape that curves outward, or a mathematical concept that implies a set or function that holds certain properties related to this outward curvature.

Concave

A shape or curve that curves inward, resembling the inner surface of a sphere or circle, often used in mathematics and economics.