Which of the following rights do common stockholders typically not have?
A. Right to vote
B. Right to receive dividends at a predetermined rate
C. Right to elect the board of directors
D. Right to participate in additional issues of stock
E. Right to receive the final distribution of assets in liquidation after prior claims have been settled
Ans: B. Right to receive dividends at a predetermined rate
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The purpose of floating holidays is to allow employees to:
A. extend a Tuesday or Thursday holiday into a long weekend. B. decide which national holidays they wish to observe with pay. C. take time off for personal reasons on any day of the week. D. allow international employees to observe legal holidays within their country of assignment. E. pool in the different types of leaves and enjoy long paid vacations.
Which of the following was the standard used by the traditional common law to determine whether a contract has been breached?
A) substantial performance B) perfect tender rule C) complete performance D) partial rule