Affirmative Action Programs

question 4

Multiple Choice

Affirmative action programs

• A)involve the promotion of unqualified employees.
• B)are not imposed by federal law on employers.
• C)are not very commonly used anymore because there is no need to protect minorities.
• D)only involve the training of individuals.
• E)involve the recruitment,hiring,promotion,and training of qualified individuals.

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Definitions:

Common Stock

Common stock represents ownership shares in a corporation, providing voting rights and entitling the shareholder to a portion of the company’s profits in the form of dividends.

Dividends in Arrears

Dividends on cumulative preferred stock that have not been paid in prior years.

Cumulative

Describes items or amounts that increase over time through successive additions, often used in the context of dividends that are accrued if not paid in a given period.

Preferred Stockholders

Investors who own preferred shares in a company, which have a higher claim on assets and earnings than common stock, often receiving dividends before common stockholders.