The Owners of a Corporation Are Its Shareholders

question 10

Multiple Choice

The owners of a corporation are its shareholders. If a corporation has only one class of shares, they typically are labeled common shares. Each of the following are ownership rights held by common shareholders, unless specifically withheld by agreement, except:

• A) The right to vote on policy issues.
• B) The right to share in profits when dividends are declared (in proportion to the percentage of shares owned by the shareholder).
• C) The right to dividends equal to a stated rate time par (if dividends are paid).
• D) The right to share in the distribution of any assets remaining at liquidation after other claims are satisfied.

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Definitions:

Civil Rights Act

Legislation, notably that of 1964 in the USA, aimed at ending discrimination based on race, color, religion, sex, or national origin.

Pregnancy Discrimination Act

A federal law in the United States that prohibits discrimination against pregnant women in the workplace.

Work-Family Balance

The effort to give appropriate attention and time to both work and family commitments, often to reduce conflict and stress.

Occupational Burnout

A state of physical and emotional exhaustion, often accompanied by feelings of reduced accomplishment and loss of personal identity, typically caused by prolonged stress at work.