____ Software Is Popular for Converting Music from CDs into a Digital

question 16

Multiple Choice

____ software is popular for converting music from CDs into a digital format that can be stored on a computer hard disk.

• A)WAV
• B)MP3
• C)SAV
• D)SP3

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Definitions:

Noncumulative Preferred Stock

A type of preferred stock where missed dividend payments are not required to be paid to the shareholders in the future.

Par Value

The face value of a bond or the stock value stated in the corporate charter, which is the minimum legal capital per share.

Dividend

A portion of a company's earnings distributed to shareholders, representing a share of the corporate profits.

Noncumulative Preferred Stock

A type of preferred stock where missed dividend payments are not accumulated. Investors are not entitled to claim missed dividends in the future.