Which One of the Following Is NOT Necessary in Order

question 134

Multiple Choice

Which one of the following is NOT necessary in order for a corporation to pay a cash dividend?

• A) adequate cash
• B) approval of shareholders
• C) declaration of dividends by the board of directors
• D) retained earnings

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Definitions:

National Output

The total value of all goods and services produced within a country's borders in a given time period.

Stagflation

A period of slow economic growth combined with high unemployment and rising prices (inflation).

Minor Recessions

Brief periods of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in successive quarters.

Full Employment

Full employment is a situation in an economy where all available labor resources are being used in the most efficient way possible, typically when the unemployment rate is low.