Examlex
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-A fixed dividend would be received with [common | preferred] stock.
Voluntary Action
An act undertaken by choice or free will, often implying a decision made without external coercion.
Board of Directors
A group of individuals elected by shareholders to oversee and make major decisions for a corporation.
Asset Sale
The transaction in which the assets of a company, instead of its stock, are sold to a buyer, transferring ownership of the assets.
Shareholder Approval
The authorization required from a corporation's shareholders to approve significant company actions, such as mergers or sale of substantial assets.
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