Which of the Following Is an Example of How a Senior

question 56

Multiple Choice

Which of the following is an example of how a senior person might modify his/her driving habits as he/she ages?

• A) He/she takes public transit more often.
• B) He/she stays off highways.
• C) He/she avoids driving during rush-hour traffic.
• D) He/she drives to rural areas to shop only.

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Definitions:

Participating Right

A feature of certain securities that allows the holder to receive dividends or other benefits in addition to the basic rights associated with the security.

Outstanding Stock

Shares of a corporation that have been issued and are currently held by investors, including public shareholders and company insiders.

Authorized Stock

The maximum number of shares a corporation is legally permitted to issue, as specified in its corporate charter.

Noncumulative Nonparticipating

Noncumulative nonparticipating refers to a type of preferred stock where dividends do not accumulate if not declared and the stockholders do not participate in additional corporate earnings beyond the specified dividend rate.