Which One of the Following Is the Date on Which

question 66

Multiple Choice

Which one of the following is the date on which the board of directors agrees to pay a dividend and passes a resolution to do so?

• A)Date of record
• B)Ex-dividend date
• C)Payment date
• D)Declaration date
• E)Public announcement date

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Definitions:

Monthly Interest Rate

The interest rate applied to a loan or credit balance on a monthly basis.

Variable Cost

Expenses that vary in relation to the amount of product or service generated by a company.

Sales Price

The final amount of money charged for a product or service, or the value that consumers are willing to pay.

Optimal Point

The most favorable position or condition that yields the maximum benefit or efficiency in a given situation, such as in investment or production.