Which of the Following Is not a Basic Right of Common

question 32

Multiple Choice

Which of the following is not a basic right of common shares?

• A)right to share in profits and losses
• B)right to participate in the management of the company
• C)right to vote in the selection of the board of directors for the corporation
• D)right to share in the assets upon liquidation

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Definitions:

Proposition

A statement or assertion that expresses a judgment or opinion which can be true or false.

Verb

A word that describes an action, occurrence, or state of being.

Passive

A grammatical voice that emphasizes the action being performed upon the subject rather than by the subject.

Equivalent

Identical in worth, role, or significance.