The Board of Directors of Berweck Corporation Declared a Cash

question 112

Multiple Choice

The board of directors of Berweck Corporation declared a cash dividend on January 18, 2010 , to be paid on February 18, 2010 , to shareholders holding the stock on February 2, 2010 . Given these facts, the date February 2, 2010 , is referred to as the

• A) date of declaration.
• B) date of payment.
• C) ex-dividend date.
• D) date of record.

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Definitions:

Total Utility

The complete contentment derived from the consumption of a specific amount of a product or service.

Fair Bet

A gamble where the expected value of the potential outcomes is equal, implying that there is no net advantage or disadvantage to participating.

Zero Sum Game

A situation in game theory in which one participant's gains result exactly from losses incurred by other participants.