By About 6,000 Years Ago, the Number of Different Token

question 22

Multiple Choice

By about 6,000 years ago, the number of different token forms:

• A) declined as cuneiform writing replaced the token system
• B) declined from about 100 different forms to only about 10 as hieroglyphic writing replaced them
• C) increased from about 100 to 200 as more people learned to make and "read" the tokens
• D) exploded from 16 basic forms to about 300

Identify the role and effects of automatic dividend reinvestment plans.

Appreciate the impact of flotation costs on dividend decisions.

Understand the clientele effect and its influence on dividend policy.

Recognize the restrictions imposed by bond indentures on dividend policies.