The Final Approval of a Dividend Payment Comes from the [Blank]

question 91

Multiple Choice

The final approval of a dividend payment comes from the [blank].

• A)controller
• B)president of the company
• C)board of directors
• D)Chief Financial Officer

---

Definitions:

Growing Annuity

A sequence of financial transactions increasing at a steady rate over a limited duration.

Required Rate

The minimum acceptable rate of return on an investment, considering its risk.

Cash Flow Growth

refers to the increase in the amount of cash that a company generates over a period, indicating how well a company is generating more cash from its operations.

Growing Annuity

A growing annuity is a series of cash flows that grow at a consistent rate per period over a finite number of periods.