Amanda Is a Shareholder of Abec Corporation

question 24

Multiple Choice

Amanda is a shareholder of Abec Corporation.She received an illegal dividend from Abec.Must she return that dividend to Abec?

• A)Yes,but only if she was aware that the dividend was illegal.
• B)Yes,regardless of whether she was aware that the dividend was illegal.
• C)No,once a dividend has been distributed,it may not be recalled.
• D)No,a shareholder has no liability regarding distributions from the corporation.

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Definitions:

General Direction

A broad outline or course of action that indicates a path forward but lacks specific details.

Position of Influence

A role or status that allows an individual to have an effect on the actions, behavior, or opinions of others.

Transactional Leader

A leadership approach based on transactions or exchanges between leaders and followers, involving rewards for achievements and penalties for failures.

Sales Goals

Specific objectives set for a sales team or individual salesperson to achieve within a certain timeframe.