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Wyatt has an MBA degree from a reputed university in the U.K. He has been working with Linocco Inc. for over two years, and he expects to be promoted as branch manager shortly. Sunny took-up a diploma course in management after he passed out of high school. He was never really interested in increasing his qualifications, but he has also been working at Linocco Inc. for over five years. Sunny expects to become the branch manager as well. However, the organization decides to promote Wyatt and not Sunny. Which of the following could be a reason for Wyatt being promoted and not Sunny?
Cumulative
An adjective describing something that increases or accumulates over time, often used in the context of dividends or data.
Dividends In Arrears
Unpaid dividends on preferred stock that have not yet been distributed to shareholders, usually accumulated from previous periods.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often receiving dividends before common shareholders.
Treasury Stock
Shares that were issued and subsequently repurchased by the issuing company, reducing the amount of outstanding stock on the open market.
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