A(n) ____ Is a Concept, Philosophy, or Image

question 319

Multiple Choice

A(n) ____ is a concept, philosophy, or image.

• A) product
• B) good
• C) idea
• D) service
• E) issue

---

Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before those of common stockholders.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Company Liquidates

The process in which a company ceases operations and sells off its assets to pay creditors.

Professional Corporation

A professional corporation is a type of business entity that is organized to provide professional services, such as legal or medical services, and offers its members liability protection.