Which of the Following Statements About Common Sense Is Most

question 11

Multiple Choice

Which of the following statements about common sense is most likely true?

• A) Effective leadership requires little more than common sense.
• B) Studies show that female leaders have more common sense than male leaders.
• C) Acquiring common sense requires being both an active and a passive follower.
• D) A challenge of leadership is to know when common sense applies and when it does not.

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Definitions:

Preferred Stock

A class of stock that provides a specific dividend that is paid before any dividends are paid to common stock holders, and which typically has priority over common stock in the event of a liquidation.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of a company's profits and a right to vote on some corporate decisions.

Capital Stock

The total amount of stock that a company is authorized to issue, representing ownership in the company.

Cumulative Preferred Stock

Preferred stock that, if the corporation doesn’t pay the specified percentage, has the unpaid amount (the dividend in arrears) carried over to the following year or years.