The Three Segments That Make Up the Middle of the Pyramid

question 3

Multiple Choice

The three segments that make up the middle of the pyramid in Africa are known as:

• A)Working class, lower middle class, upper class
• B)Rural workers, regional workers, urban workers
• C)Lower class, middle class, upper class
• D)Blue collar workers, white collar workers, working families
• E)Lower middle class, floating class, upper middle class

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Definitions:

Additional Paid-in Capital

The amount of money investors have paid to a company above and beyond the par value of the shares they have purchased.

Cumulative Preferred Stock

A type of preferred stock where dividends accumulate if not paid in any given year, ensuring that dividends must be paid out to preferred stockholders before common stockholders receive any.

Declared Dividend

A portion of a company’s earnings that is approved by the board of directors to be distributed to shareholders on each share of the company's stock.

Common Stock Outstanding

The total number of a company's shares of common stock that are currently owned by investors, including both public and private investors.