Which of the Following Is Not a Right or Preference

question 149

Multiple Choice

Which of the following is not a right or preference associated with preferred shares?

• A)The right to vote.
• B)First claim to dividends.
• C)Preference to corporate assets in case of liquidation.
• D)To receive dividends in arrears before common shareholders receive dividends.

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Definitions:

Day-to-day Business

The routine activities and operations conducted by a business or organization on a daily basis.

Officers

Officers are individuals appointed or elected to manage and oversee the operations and strategic direction of an organization, typically within a corporate or governmental context.

Corporation

An organized entity recognized by law as a separate legal entity from its owners, with its rights and liabilities.

Legal Entity

An organization or structure that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.