The Pre-Emptive Right of an Ordinary Shareholder Is the Right

question 46

Multiple Choice

The pre-emptive right of an ordinary shareholder is the right to

• A)share proportionately in corporate assets upon liquidation.
• B)share proportionately in any new issues of stock of the same class.
• C)receive cash dividends before they are distributed to preference shareholders.
• D)exclude preference shareholders from voting rights.

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Definitions:

Quick-Release Gladhand

A type of coupling used for connecting the brake lines between a truck and a trailer, designed for quick and easy connection and disconnection.

Release Timing

The specific timing at which a device, mechanism, or system is allowed or caused to activate or deactivate.

FMVSS-121

The Federal Motor Vehicle Safety Standard addressing air brake systems in heavy-duty vehicles to ensure safety through performance requirements.

Service Brake Circuit

The network of components, including lines, valves, and actuators, that allows a vehicle to decelerate or stop by hydraulic or mechanical means.