Which of the Following Is Not a Basic Right of Shareholders

question 154

Multiple Choice

Which of the following is not a basic right of shareholders?

• A)To participate in the profits of the corporation through dividends declared by the board of directors.
• B)To share in the distribution of assets of the corporation at liquidation or through liquidating dividends.
• C)To participate in the management of the corporation through taking part in and voting in shareholders' meetings.
• D)To inspect the books of account and to insist upon an audit in the event of dissatisfaction with results revealed by such inspection.
• E)To sell shares in the corporation at a price exceeding its cost.

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Definitions:

Avoid Blame

A strategy or behavior engaged in by individuals or organizations to prevent or divert blame from themselves.

Consequences

The outcomes or results that follow from an action or decision, which can be positive, negative, or neutral.

Ethics

Systematic thinking about the moral consequences of decisions.

Morally

Pertaining to principles of right and wrong behavior and the goodness or badness of human character.