Which of the Following Statements Is (Are) Correct

question 34

Multiple Choice

Which of the following statements is (are) correct?
I. Shareholders elect the Chairman of the Board.
II. The board of directors has no control over whether dividends will be paid.

• A) Only statement I is correct
• B) Only statement II is correct
• C) Both statements I and II are correct
• D) Neither statement I nor II is correct

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Definitions:

APC

Acronym generally referring to the Average Propensity to Consume, which is the fraction of income spent on consumption.

Disposable Income

The fiscal potential for households to undertake spending and saving after income tax considerations.

Consumption

The process of using goods and services by households or individuals, contributing to overall economic activity.

Disposable Income

The amount of money individuals or households have available for spending and saving after income taxes have been deducted.