Which of the Following Is NOT a Characteristic of Ordinary

question 18

Multiple Choice

Which of the following is NOT a characteristic of ordinary shares?

• A) They give the holder a residual claim on the net assets of the company.
• B) They pay a guaranteed minimum dividend.
• C) They are known as 'common stock' in the US.
• D) They rank last in the event of winding up the company.

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Definitions:

True Coelom

A fluid-filled body cavity completely lined by tissue derived from the mesoderm, found in most complex animals, which provides a space for organ development and movement.

Sponges

Simple aquatic animals that draw water containing food particles into their porous bodies by means of flagellated cells.

Hydras

A type of small, freshwater organisms from the phylum Cnidaria, known for their regenerative abilities.

Flatworms

Invertebrates such as planarians and tapeworms with extremely thin bodies, a three-branched gastrovascular cavity, and a ladder type nervous system.