All of the Following Statements Are Correct Except

question 109

Multiple Choice

All of the following statements are correct except

• A) Dividends are paid out of profits.
• B) Dividend payments must be approved by the stockholders.
• C) A dividend can be a distribution of money, but it can also be stock or other property.
• D) Dividends are not mandatory.
• E) Utility companies typically distribute a higher percentage of earnings than rapidly growing firms.

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Definitions:

Columbian Exchange

The widespread transfer of plants, animals, culture, human populations, technology, and ideas between the Americas and the Old World following Columbus's voyages.

Tomatoes

Edible, often red, fruit of the plant Solanum lycopersicum, commonly used in cooking and eaten in a variety of ways worldwide.

Peanuts

A legume crop grown mainly for its edible seeds, known scientifically as Arachis hypogaea.

Ritual Sacrifices

Religious or ceremonial acts involving the offering of gifts or the killing of animals or humans to a deity or higher power, intended as a form of worship, appeasement, or thanksgiving.