Fred, the President of Choice Inc

question 6

Multiple Choice

Fred, the president of Choice Inc., is providing general guidelines to managers in his organization on how to develop effective personal qualities. Which of the following should be a part of the guidelines?

• A) Invest in people rather than in goods.
• B) Create change and a culture of agility and integrity.
• C) Focus on providing answers and solving problems.
• D) Have the courage to admit mistakes and doubts.

---

Definitions:

Cumulative Preferred Stock

A type of preferred stock that accumulates unpaid dividends, which must be paid out before any dividends can go to common shareholders.

Partially Participating

Relating to securities or policies that offer limited rights or dividends to the holder, with certain conditions applied.

Stock Dividend

Additional shares distributed to shareholders, proportional to their existing holdings, instead of a cash payout.

Retained Earnings

The portion of net income that is kept by the company instead of being paid out to its shareholders as dividends, contributing to the business's capital reserve for future ventures or debt payments.