Which of the Following Best Describes Successful Business Leaders

question 121

Multiple Choice

Which of the following best describes successful business leaders?

• A)Successful leaders prefer to follow but will lead when called upon to do so. 
• B)Successful leaders have emotional stability. 
• C)Successful leaders have general knowledge about business. 
• D)Successful leaders prefer independence.

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Definitions:

Cumulative Preferred Shares

Preferred stock where dividends accumulate if not paid in a given period and must be paid out before any dividends can be paid to common stockholders.

Dividends in Arrears

Unpaid dividends on cumulative preferred stock that must be paid before any dividends can be paid to common shareholders.

Dividend Payable

A liability recorded on the balance sheet for dividends declared by the company but not yet paid to shareholders.