Which One of the Following Is Not Necessary in Order

question 86

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 stockholders.
• C)Declared dividends.
• D)Retained earnings.

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Definitions:

External Failure Cost

Expenses associated with defects that are found by the customer after the product has been delivered, including returns, repairs, and warranty claims.

Warranty Period

The specific timeframe during which a manufacturer or seller commits to repairing or replacing defective products at no charge to the customer.

Software Errors

Mistakes or faults in a computer program that cause it to produce incorrect or unexpected results or to behave in unintended ways.

Sonar Equipment

Equipment that uses sound propagation (usually underwater) to navigate, communicate, or detect objects on or under the surface of the water.