CEOs and Business Owners Should Delegate the Responsibility for Ensuring

question 62

True/False

CEOs and business owners should delegate the responsibility for ensuring that high ethical principles are espoused and practiced in an organization.

---

Definitions:

Dividends Per Share

The total amount of dividends declared for each share of stock issued, showing how much shareholders receive from the net profits of the company.

Cash Dividend

A payment made by a company to its shareholders, usually as a distribution of profits in the form of cash.

Common Stock

Equity securities that represent ownership in a corporation, providing voting rights and a share in the company's profits through dividends.

Noncumulative Preferred Stock

A type of preferred stock for which missed dividend payments are not accrued and must be declared by the board to be paid.