A stockholder owning 5 percent of a company's stock:
A. is guaranteed to receive 5 percent of the company's yearly profits.
B. is personally responsible for 5 percent of the debts if the company goes bankrupt.
C. has 5 percent of her personal assets vulnerable if the company goes bankrupt.
D. gets 5 percent of the votes at the shareholders' meetings.
D. gets 5 percent of the votes at the shareholders' meetings.
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Real GDP is the value of final goods and services produced in a year
A) expressed in the prices of that same year. B) during a recession. C) minus depreciation. D) expressed in the prices of a base year. E) minus the value of all the intermediate goods produced.
Joseph Schumpeter argued that growth was a process of creative destruction. Explain what is meant by the phrase, "creative destruction."
What will be an ideal response?