Which of the Following Is NOT Generally a Right or Preference

question 80

Multiple Choice

Which of the following is NOT generally 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:

Regressive Tax

A tax system wherein the tax rate decreases as the taxable amount increases, placing a higher burden on lower-income earners.

Sales Tax

A tax on the value of goods sold.

Wealth Tax

A tax on the wealth of an individual.

Sales Tax

A tax imposed by a government on sales of goods and services, typically calculated as a percentage of the purchase price.