Which of These Examples Does NOT Meet the Strict Definition

question 51

Multiple Choice

Which of these examples does NOT meet the strict definition for a dividend?

• A) Steel Gen Corp regularly distributes $0.05 to each shareholder for every share they own.
• B) Chalone Vineyards once offered their investors discounts on wine in proportion to the number of shares they owned.
• C) Churchill Downs, Inc. which operates several horse racing tracks, including the location for the Kentucky Derby, distributes two free general admission tickets to every investor who holds more than 100 shares in the company (as of 2012).
• D) Both Chalone Vineyards once offered their investors discounts on wine in proportion to the number of shares they owned and Churchill Downs, Inc. which operates several horse racing tracks, including the location for the Kentucky Derby, distributes two free general admission tickets to every investor who holds more than 100 shares in the company (as of 2012)

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Definitions:

Decision-Making Process

The steps involved in choosing between alternatives to achieve a goal, encompassing problem identification, analysis, options evaluation, and selecting the best solution.

Orders

Instructions or commands given by an authority, or requests for goods or services in commerce.

Productivity

The measure of efficiency in which goods and services are produced, often within a specific period.

Belong

Refers to the feeling of being accepted and included in a group or community.