If Dividends Are Not Declared for Five Years,but the Company

question 29

Multiple Choice

If dividends are not declared for five years,but the company has accumulated earnings each year,the shareholders may:

• A) petition the court of law for redress.
• B) override the board with a two-thirds vote.
• C) ask for an injunction requiring a dividend to be declared.
• D) do nothing but sell their stock.

---

Definitions:

Athletic Apparel

Clothing designed specifically for sports and physical activities.

Managing Information

The systematic process of collecting, organizing, storing, and retrieving data and information to support decision-making and operational activities.

Bullets

Small circles (filled or open) or squares that set off items in a list. When you are giving examples, but the number is not exact and the order does not matter, use bullets to set off items.

Checklists

Detailed lists of items to be checked or tasks to be completed, used as a reminder to ensure that important steps or activities are not overlooked.