Thomas Sowell Studied the Intelligence Test Scores of Various Categories

question 109

Multiple Choice

Thomas Sowell studied the intelligence test scores of various categories of people and concluded that

• A)people's culture explains the variation in intelligence test scores.
• B)all individuals have the same intelligence.
• C)all categories of people have the same average test performance.
• D)All of these responses are correct.

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Definitions:

Payout Ratio

The proportion of earnings paid out as dividends to shareholders, often expressed as a percentage.

Dividend Policies

The policies and guidelines a company follows in deciding how much of its earnings it will pay out to shareholders as dividends.

Bird-In-The Hand

A theory suggesting that investors prefer dividends from a stock to potential capital gains because of the immediate certainty of receiving payouts.

Dividend Reinvestment Plans

Programs that allow shareholders to automatically reinvest their cash dividends into additional shares of the issuing company.