Which of the following is not true of common stock?
A) Common stock represents partial ownership in the firm.
B) Common stock is riskier than preferred stock.
C) Investors in common stock are given voting rights.
D) Investors in common stock are guaranteed a dividend.
Answer: D
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The PCAOB's role is to:
a. conduct audits of the governmental entities b. conduct the final review of auditors' work before the auditor's opinion is issued c. oversee the auditors of public companies in order to protect the interests of investors d. sanction auditors who fail to follow GAAS
Which of the following best describes the legal basis for protection of trade secrets, patents, and copyrights in the United States?
A) Trade secrets, patents, and copyrights are protected by federal statutes. B) Trade secrets, patents, and copyrights are protected by state law. C) Trade secrets are protected by state law, while patents and copyrights are protected by federal statutes. D) Trade secrets are protected by federal statutes, while patents and copyrights are protected by state law. E) Trade secrets, patents, and copyrights are not protected by any laws.