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1. The dividend that a corporation pays on its common stock must be ______ the d

ID: 2441533 • Letter: 1

Question

1. The dividend that a corporation pays on its common stock must be ______ the dividend that it pays on its preferred stock.

a)Greater than

b)Less than

c)Equal to

d)The dividend on common stock may be any amount.

2 To guarantee uniformity and fairness to all who are called to deal with federal administrative agencies, Congress passed the ______ Act.

Equal Protection

Administrative Procedures

Consumer Protection

Occupational Safety and Health

3. At the federal level, which type of agency functions within an established cabinet department?

Independent agency

State agency

Executive agency

Legislative agency

4. Rodrigo was the minority shareholder in a closely held corporation. Despite massive profits, no dividends were ever declared. The corporation did, however, pay extremely large salaries and bonuses to the officers of the corporation, who were also the majority shareholders. The majority shareholders of this corporation are guilty of ______.

Ultra vires acts

Quo warranto acts

Oppressive conduct

Embezzlement

a)

Equal Protection

b)

Administrative Procedures

c)

Consumer Protection

d)

Occupational Safety and Health

Explanation / Answer

1. The dividend that a corporation pays on its common stock can be any amount . Hence, option(D) is correct i.e the dividend on common stock may be any amount.

2. To guarantee uniformity and fairness to all who are called to deal with federal administrative agencies , Congress passed the Administrative procedures Act. Hence, option(B) is correct.