What Did the King I and King II Reports Have

question 23

Multiple Choice

What did the King I and King II reports have in common?

• A) They both limited their scope to the financial and regulatory accountability of corporations.
• B) They both advocated following the traditional,single bottom line of profitability.
• C) They both rejected the triple bottom line suggested by the Cadbury approach.
• D) They both incorporated a code of corporate practices that looked beyond corporations.

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Definitions:

Adoption

The legal process of taking another's child into one's family, granting it the same legal rights and status as one's biological child.

Preferred Stock

A class of stock that carries with it the right to receive payment of dividends and/or the distribution of assets on the dissolution of the corporation before other classes of stock receive their payments.

Dividends

Net profits, or surplus, set aside for shareholders.

Dissolution

A change in the relation of partners caused by any partner ceasing to be associated in the carrying on of the business.