Which of the Following Determines When to Declare Dividends and in What

question 42

Multiple Choice

Which of the following determines when to declare dividends and in what amount?

• A) The stockholders.
• B) The officers of the corporation.
• C) The board of directors.
• D) The state in which the corporation was chartered.

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Definitions:

Beneficence

The doing of good for another; the act of caring.

Autonomy

Independence or freedom of an individual’s will; the right to choose.

Distributive Justice

The principle by which we as a society (or the health care community) decide to allocate resources that are in scarce supply.

American Medical Association (AMA)

A professional association for physicians and medical students that seeks to promote the art and science of medicine for the betterment of public health.