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Allen, a salesman at a retail store, is a quick learner and knows how to handle customers. He could become an assistant manager if he wasn't reluctant to take on more responsibility and eager to get off work soon. Which of the following skills does Allen lack, for his career advancement?
Preferred Stock
A class of share ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividends.
Equity Security
A financial instrument representing ownership interest in a company, such as stocks, which entitles shareholders to vote on corporate matters and receive dividends.
Debt
An amount of money borrowed by one party from another, under the agreement that it will be repaid, often with interest.
Common Stock
A type of security signifying ownership in a corporation and entitling the holder to a share of the company's profits, essentially a mode of holding equity in the corporation.
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