Generally Speaking It Not True to Say That

question 46

Multiple Choice

Generally speaking it not true to say that:

• A)Shareholders in listed companies have more extensive voting rights than those in unlisted companies.
• B)Shareholders in public companies have more extensive rights than those in proprietary companies.
• C)Shareholders in proprietary companies have more extensive rights than those in listed companies.
• D)Shareholders in public companies always have the right to appoint and remove directors whereas those in proprietary companies may not always have that right.

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Definitions:

Defined-contribution Plans

Retirement savings plans where the amount contributed is defined, but the benefit received at retirement depends on investment performance.

Retirement Benefits

Payments made in the form of pensions or annuities to individuals who are retired from active work, generally funded through prior employment contributions.

Qualified Pension Plan

A retirement plan that meets requirements established by the Internal Revenue Code, offering tax advantages such as tax-deferred growth on earnings.

Ordinary Income Rates

Tax rates applicable to an individual's ordinary income, including wages, salaries, commissions, and income from interest or dividends, which are taxed at progressive rates.