Which of the Following Groups Adheres to the Principle of Seniority

question 114

Multiple Choice

Which of the following groups adheres to the principle of seniority most strictly?

• A) House Republicans
• B) Senate Republicans
• C) House Democrats
• D) Senate Democrats

---

Definitions:

Paid-In Capital in Excess of Par

The amount of capital contributed by shareholders over and above the par value of the shares issued.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership share in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Retained Earnings Account

An equity account that represents the accumulated portion of net income that a company has decided to retain, rather than distribute among shareholders in the form of dividends.

Stock Dividend

A payment made in the form of additional shares rather than cash, distributed to shareholders from the company's existing stock.