All of the Following Statements Are Correct Except

question 57

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, 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:

Indian New Deal

Phrase that refers to the reforms implemented for Native Americans during the New Deal era. John Collier, the commissioner of the Bureau of Indian Affairs (BIA), increased the access Native Americans had to relief programs and employed more Native Americans at the BIA. He worked to pass the Indian Reorganization Act. However, the version of the act passed by Congress was a much diluted version of Collier’s original proposal and did not greatly improve the lives of Native Americans.

Forced Assimilation

The process where individuals or groups are compelled to abandon their own culture, language, or identity to conform to those of a dominating or majority culture.

Dawes Act

Law passed in 1887 meant to encourage adoption of white norms among Indians; broke up tribal holdings into small farms for Indian families, with the remainder sold to white purchasers.

Popular Front

A period during the mid-1930s when the Communist Party sought to ally itself with socialists and New Dealers in movements for social change, urging reform of the capitalist system rather than revolution.