Describe the Various Customer-Facing Applications in an Organization

question 91

Short Answer

Describe the various customer-facing applications in an organization.

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Definitions:

Retained Earnings

The accumulated portion of net income not distributed to shareholders and reinvested in the business.

Voting Rights

The rights of shareholders to vote on key corporate decisions, such as the election of the board of directors.

Preemptive Rights

The rights that give existing shareholders the opportunity to buy additional shares of a company's new stock issue before the public, maintaining their percentage of ownership.

Retained Earnings

The portion of net income that is retained by the corporation rather than distributed to its owners as dividends, typically used for reinvestment in the business or paying down debt.