Which of the Following Is Usually Not a Prerequisite to Paying

question 96

Multiple Choice

Which of the following is usually not a prerequisite to paying cash dividends?

• A) Formal action by the board of directors
• B) Market value in excess of par value per share
• C) Sufficient cash
• D) Sufficient retained earnings

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, ranging from basic physiological needs to self-actualization.

Universal Needs

Universal needs refer to basic human requirements that are common across different cultures and societies, such as food, shelter, safety, love, and esteem.

Culture

A complex system of shared values, traditions, norms, customs, arts, history, folklore, and institutions that characterizes a particular group or society.

McClelland's Model

A psychological theory which states that the needs for achievement, power, and affiliation significantly influence human motivation and behavior.