The Executive Responsible for the Development of the Written Emergency

question 140

Multiple Choice

The executive responsible for the development of the written emergency plan of an organization should be one who possesses which of the following qualifications:

• A) Technical aptitude
• B) Employment as a member of middle or senior management
• C) Complete familiarity with the company's organization
• D) All of the above
• E) None of the above

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Definitions:

Capital in Excess

Funds received by a company from selling shares at a price above the par value, also known as additional paid-in capital.

Stock Dividend

A distribution of additional shares of a company's stock to shareholders instead of cash payouts, based on the number of shares they already own.

Retained Earnings

These are profits that a company has earned to date, less any dividends or other distributions paid to investors.

Equity Financed

Refers to the method of raising capital by selling company shares to investors.