Which of the Following Determines When to Declare Dividends and in What

question 2

Multiple Choice

Which of the following determines when to declare dividends and in what amount?

• A) The stockholders
• B) The officers of the corporation
• C) The board of directors
• D) The state in which the corporation was chartered

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Definitions:

Marginal Benefits

The further satisfaction or benefit realized from consuming one more unit of a good or service.

Majority Vote

A decision-making process where the choice receiving more than half of the votes wins.

Recreation Center

A facility that provides a variety of physical and social activities designed for enjoyment, relaxation, and the physical health of the community.

Logrolling

The act of trading support, particularly within the political arena, through mutual agreement to vote for each other's proposed bills.