A Preemptive Right Is

question 56

Multiple Choice

A preemptive right is

• A)the right to vote in the election of directors and to establish corporate policies
• B)the right to share in the profits when a dividend is declared
• C)the right to maintain a proportionate interest in the ownership of the corporation by purchasing a proportionate share of additional capital stock should such stock be issued
• D)the right to share in the distribution of the assets of the corporation should it be liquidated

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Definitions:

Challenge

A task or situation that requires someone to use their skills and abilities to overcome obstacles and achieve a goal.

Impression Management

The process of deliberately controlling or influencing the perceptions of others about oneself, typically to gain social or personal advantages.

Ingratiation

A social influence strategy used to make oneself more likable to others, often through flattery or by conforming to their opinions.

Voluntary Tasks

Activities or duties undertaken willingly without coercion, often beyond the required or expected norms.