首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
•Read the article below about Common Stock and Preferred Stock and the questions. •For each question 13~18,mark one letter A, B,
•Read the article below about Common Stock and Preferred Stock and the questions. •For each question 13~18,mark one letter A, B,
admin
2010-01-22
48
问题
•Read the article below about Common Stock and Preferred Stock and the questions.
•For each question 13~18,mark one letter A, B, C or D on your Answer Sheet.
Common Stock and Preferred Stock
A public corporation issues certificates of ownership, called common stock, which may be traded on stock ex changes. Anyone can buy and sell shares of common stock. Owners of stock are referred to as shareholders and stockholders. Common stockholders are accorded certain rights by the corporate charter. In the United States, these rights vary from state to state, but in general the articles of incorporation spell out voting rights and rights to receive profits.
Common stockholders are the voting owners of a Corporation. They are usually entitled to one vote per share. They may vote on numerous affecting the corporation (including a decision to sell or merge with anther corporation) and elect a board of directors, who, in turn, hire managers to run the business. A majority shareholder is one who owns over 50 percent of the outstanding shares in a corporation and, thus, can call the shots. All other shareholders are minority shareholders. In large corporations no single person or organization owns anywhere near a majority interest. In large, publicly owned corporations a shareholder with as little as 10 percent of the shares may control the corporation effectively. If things go badly, a coalition of so called dissident shareholders may gather enough votes to replace the existing board of directors; the new board may fire the existing management and bring in their own management team.
Although common stock represents ownership in a company, it does not guarantee the owners a specified rate of return. As owners, the stockholders receive profits after all expenses, including debts and taxes, have been paid. They receive profits from the business in the form of dividend payments, which represent a percentage of profits. Not all after-tax profits are paid to the stockholders in dividends. Directors usually decide quarterly how much, if any, if the profits they wish to distributed to the owners. The profits are either distributed to the owners in dividends or they are reinvested bank into the company in the form of retained earnings. If the company decides to keep the profits, the company may become more valuable and the price of the stock usually goes up. Some investors prefer profits in the way of dividends while others speculate for an increase in the price of stock. If a company goes broke, common stockholders get last claim on whatever is left over.
Corporations may also issue preferred stock to investors. Preferred stock usually has no vote in the election of the board of directors, but does get preference in the distribution of the company’s earnings. It offers investors a different type of security and may be issued only after common stock had been issued. The term "preferred" applies to two conditions. First, preferred stockholders gain preferential treatment in the matter of dividends) That is, they receive a fixed fete of dividends prior to the payment of dividends on common shares. Second, if the company goes out of business or liquidates, preferred stockholders are closer to the front of the line than common stockholders when distributing the company’s assets.
Dividends to preferred stock may be cumulative or noncumulative. Cumulative preferred stock maintained its claim to dividends even if the company had a bad year in 1994, they might decide not to pay dividends. But if they had a good year in 1995, and declared stock dividends do not accumulate, If dividends are not declared, noncumulative owners lose their claim to the profit of that period.
All in all, common stock usually has more control through voting privileges, greater chance for high returns, and more risk, while preferred stock usually has less control, fixed returns, less risks, and less chance for big gains.
The main purpose of, the third paragraph is to tell us ______.
选项
A、the rate of returns to the stockholders
B、the risk of common stockholders
C、the distribution of profits to the stockholders
D、the benefits of common stock
答案
A
解析
也是概括段落中心大意。中心句在段首,说;“尽管普通股代表了对公司的所有权,但并不能保证所有者拥有固定的收益”。
转载请注明原文地址:https://kaotiyun.com/show/JYsO777K
本试题收录于:
BEC中级阅读题库BEC商务英语分类
0
BEC中级阅读
BEC商务英语
相关试题推荐
•Readthearticlebelowabouthowtodealwithemployeeswithtradesecrets.•ChoosethebestwordtofilleachgapfromA,B,C
Readthetextbelowaboutplayinggamesatwork.Foreachquestion(31-40)writeonewordinCAPITALLETTERSonyourAnswerShee
Readthetextbelowaboutplayinggamesatwork.Foreachquestion(31-40)writeonewordinCAPITALLETTERSonyourAnswerShee
CustomerCo-ProductionWhenwebegantheveryfirstresearchforTheSocialMediaBibleweasked1,000peopletoparticipate
CustomerCo-ProductionWhenwebegantheveryfirstresearchforTheSocialMediaBibleweasked1,000peopletoparticipate
HowtoapproachReadingTestPartOne•InthispartoftheReadingTestyoumatcheightstatementswithfiveshorttexts.•Fir
HowtoapproachReadingTestPartOne•InthispartoftheReadingTestyoumatcheightstatementswithfiveshorttexts.•Fir
•Lookatthestatementsbelowandthearticledividedintofiveextractsaboutsettingcustomerexpectationsontheoppositepag
•Lookatthestatementsbelowandatthefiveextractsfromanarticleaboutbroadeningcorporateresponsibility.•Whichartic
Readthetextbelowabouttelevisionnetwork.Inmostofthelines(41-52)thereisoneextraword.Itiseithergrammaticallyi
随机试题
肝开窍于日的生理基础是()(2010年第122题)
男性,68岁,尿频、夜尿多、排尿不畅4年,10小时前饮酒后突然出现小便不能自解,急诊就诊,主诉下腹部胀痛。查体:下腹膨隆,叩诊浊音,轻度压痛,直肠指诊可触及前列腺增大、光滑、质韧、中央沟消失。该患者的可能诊断为
麻疹患者如并发肺炎等并发症,则传染性可延至出疹后()
下列关于民事纠纷的解决方式中说法错误的是:()
下列关于地价的说法正确的是()。
Thesenseofsoundisoneofourmostimportantmeans(方法,手段)ofknowingwhatisgoingonaroundus.Soundhasawastedproduct,
TheProblemsLearnersofEnglishFaceTheproblemslearnersofEnglishfacecanbedividedintothreebroadcategories:a)
ThenoisethataffectsseacreaturesconiesfromthefollowingEXCEPT
A、Theyloveeachother.B、Theyhateeachother.C、Theyarenotverygoodfriends.D、Notofaboveall.C她和这些朋友关系只是一般,她的好朋友中没有参加妇女
Arewereadyforthelibraryofthefuture?A)Librarianstodaywilltellyoutheirjobisnotsomuchtotakecareofbooks
最新回复
(
0
)