Public Policy Is Defined by Three Necessary Qualifications

question 5

Multiple Choice

Public policy is defined by three necessary qualifications.Which of the following is NOT a necessary qualification?

• A)that official actions be sanctioned by law or accepted custom
• B)Laws or official regulation should not be mistaken for the whole realm of policy
• C)policy always meets intended goals
• D)intentional course of action includes decisions made not to take a certain action

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Definitions:

Clientele Effect

This concept suggests that changes in a company’s dividend policy can attract different types of investors, based on their preferences for dividend payouts.

Dividend Yield

A fiscal ratio indicating the annual dividends a company dispenses in relation to its stock price.

Tax Effects

The impact of tax laws on the financial performance of a company or the net income of an individual, including deductions, exemptions, and liabilities.

Stock Splits

An initiative taken by a company to multiply its current shares into more shares to augment the ease of trading those shares.