What are the major differences between preferred stock and common stock?
A) Preferred stock dividends are paid out before dividends on common stock can be issued.
B) Common stock has voting rights and preferred stock does not.
C) Common stock has potentially higher capital gains than preferred stock.
D) All of the above are correct.
E) Only A and B are correct.
Answer: D
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Which of the following statements is true about Gen Xers?
a. They are a primary target for marketers promoting family-oriented products. b. They control the majority or of America's net worth. c. They spend more on luxury products and services than any other cohort. d. They are the group least affected by the Great Recession.
A form of strict liability applies to all of the following situations except:
A) a lawnmower sold in a defective condition that injures its owner. B) a fireworks factory that blows up and injures townspeople and their property. C) a medical procedure. D) a herd of goats that travel onto a neighbor's property, eating and trampling the neighbor's roses.