Because of the Ease with Which It Can Be Split

question 36

Multiple Choice

Because of the ease with which it can be split into thin flat sheets, this metamorphic rock is used for making chalkboard, pool tables, and roofs.

• A) granite
• B) marble
• C) gneiss
• D) slate
• E) quartzite

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Definitions:

Retained Earnings

The portion of net income not distributed to shareholders as dividends and instead reinvested in the business.

Stable Dividend Policy

A strategy where a company aims to distribute a consistently fixed dividend to shareholders, regardless of the year-to-year fluctuations in earnings.

Earnings Projections

Forecasts of a company's future earnings, often based on past performance, current trends, and industry analysis.

TSX Rules

The regulations and guidelines that govern trading and listing on the Toronto Stock Exchange (TSX), ensuring fair and orderly markets.