Managements Are Often Reluctant to Reduce Dividends Because Reductions May

question 58

True/False

Managements are often reluctant to reduce dividends because reductions may be viewed as indicating financial weakness.

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Definitions:

Unconstitutional

Actions or laws that are not in accordance with the constitution and therefore illegal and invalid.

Commander-in-chief

The highest-ranking officer of a nation's military forces, or the supreme authority over a country's armed forces; in the United States, it is the President.

Dorothea Dix

An American activist on behalf of the indigent mentally ill who, through a vigorous program of lobbying state legislatures and the United States Congress, created the first generation of American mental asylums.