Which One of the Following Generally Pays a Fixed Dividend,receives

question 34

Multiple Choice

Which one of the following generally pays a fixed dividend,receives first priority in dividend payment,and maintains the right to a dividend payment,even if that payment is deferred?

• A)cumulative preference shares
• B)ordinary shares
• C)non-cumulative preference shares
• D)promisary notes
• E)corporate bonds

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Definitions:

Profit-maximizing Output

The production level where maximum profit is achieved by a company, when the marginal cost matches the marginal revenue.

Fixed Cost

Costs that do not vary with the level of output or production in the short term, such as rent, salaries, and insurance premiums.

Lawn-mowing

The process of cutting grass to a uniform length, typically performed as a maintenance activity for aesthetic and health reasons in gardens and lawns.

Variable Costs

Expenditures that change in direct correlation with the amount of output or production.