An Associative Entity Is an Alternate Way of Expressing A(n)

question 15

Multiple Choice

An associative entity is an alternate way of expressing a(n) _____.

• A) one-to-one binary relationship
• B) one-to-many binary relationship
• C) many-to-many binary relationship
• D) entity that has no attributes other than the unique identifier or key
• E) entity that has no unique identifiers or keys

Recognize the limitations and flexibility in dividend payment policies.

Acknowledge the role of indentures and covenants in limiting dividend payments.

Understand the reasons why companies might choose stock repurchases over dividends and the tax implications.

Appreciate the strategic motives behind specific dividend policies and stock actions such as splits and repurchases.

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Definitions:

Specific Performance

A legal remedy in contract disputes requiring the party who breached the contract to perform their obligations as originally agreed, instead of simply paying damages.

Adverse Possession

A legal principle allowing a person to claim ownership of land or property through continuous occupation over a certain period without the permission of the original owner.

Title

The lawful entitlement to possess, hold, or utilize property.

Restrictive Covenant

A clause in a contract that limits certain actions or uses of property to protect business interests or property value.