The Clientele Effect Is the Argument That a Firm Attracts

question 23

True/False

The clientele effect is the argument that a firm attracts shareholders whose preferences with respect to the payment and stability of dividends corresponds to the payment pattern and stability of the firm itself.

---

Definitions:

Negligent Driving

The act of operating a vehicle in a careless or unsafe manner, resulting in potential harm to others.

Swerved

To suddenly change direction, often to avoid a collision or obstacle.

Avoid

In legal terms, to nullify or declare a contract void and unenforceable, as if it never existed.

Reasonable Person

A legal standard used to determine how an average person would responsibly act in certain circumstances.