Which of the Following Is a True Statement

question 81

Multiple Choice

Which of the following is a true statement?

• A) Stockholders are guaranteed annual dividends.
• B) Stockholders receive their proportionate share of any assets remaining after the corporation pays its debts and liquidates.
• C) Stockholders may authorize a business contract on behalf of the corporation.
• D) Stockholders may vote only if they physically attend the annual stockholders' meeting.

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Definitions:

Inferior Good

A type of good whose demand decreases as the income of consumers increases, contrasting with normal goods.

Supply

The total amount of a good or service that is available for purchase at any given price.

Perfectly Inelastic

Describes a situation where the quantity demanded or supplied does not change in response to a price change.

Recession

A period of declining real GDP, accompanied by lower real income and higher unemployment.