The Date on Which the Board of Directors Passes a Resolution

question 56

Multiple Choice

The date on which the board of directors passes a resolution authorizing payment of a dividend to the shareholders is the ________ date.

• A)ex-rights
• B)ex-dividend
• C)record
• D)payment
• E)declaration

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Definitions:

Organizational Plans

Strategic outlines crafted by businesses or institutions to achieve long-term goals, detailing the courses of action needed.

Competitors

Entities, individuals, or organizations that are in rivalry for the same objectives, such as market share or recognition.

Problem

An issue or situation that presents difficulty and requires a solution.

Methods/Procedure

Established and systematic ways of doing something, involving steps or actions taken to achieve a particular end.