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
2011-01-22
61
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 exchanges. 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 rete 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.
For those who want to get high returns, it is better for them to buy______.
选项
A、preferred stock
B、common stock
C、noncumulative stock
D、cumulative stock
答案
B
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/NBoO777K
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
Readarticlebelowaboutpredisciplinerecommendations.Foreachquestion31—40.writeonewordinCAPITALLETTERSonyourAnswe
Readthearticlebelowaboutjobmarket.ChoosethecorrectwordorphrasetofilleachgapfromA,B,C,orD.Foreachquestio
Readthefollowingextractfromanarticleabouttheadvantagesofmakingthefirstoffer/demandinnegotiation.Foreachquesti
Readthefollowingextractfromanarticleabouttheadvantagesofmakingthefirstoffer/demandinnegotiation.Foreachquesti
Readthefollowingextractfromanarticleabouttheadvantagesofmakingthefirstoffer/demandinnegotiation.Foreachquesti
ReadthistexttakenfromanarticleaboutbusinessandsocialresponsibilityChoosethebestsentencetofilleachofthegaps.
•ReadthearticlebelowaboutinternationalmarketingplaninCanada.•Foreachquestion31—40,writeonewordinCAPITALLETTER
•ReadthearticlebelowaboutinternationalmarketingplaninCanada.•Foreachquestion31—40,writeonewordinCAPITALLETTER
•Lookatthenotebelow.•Youwillhearamantelephoningaboutsomeproblemswithanorder.MrMossfrom(9)Divisionrang.H
TheSignificanceoftheDivisionofLabourThesignificanceofthedivisionoflabourwasfirstfoundbyAdamSmithinthe1
随机试题
保证班主任工作科学性、针对性和实效性的前提是()。
______能由计算机直接识别和执行,是最底层的程序设计语言。
孕3个月孕妇,突起下腹阵痛伴阴道流血,持续约12小时,出血不止,感到头晕,并晕倒,被家人送至医院。查体:BP:9/6KPa,脉搏118次/分,患者面色苍白,口唇色淡。妇科检查:外阴大量血迹,阴血性仍流血并有血块,宫颈口已开,其内可触及软性胚胎组织,子宫体约
承担保证药品质量的首要责任,是保证药品质量的前位关键环节其采购、仓储、运输、批发销售行为对所经营药品质量有直接的影响
企业处置固定资产、无形资产等非流动资产形成的经济利益的总流出属于费用。()
目前,我们所称的“五大行”是指()。
读者在阅读文章时,他们最关注的,往往是对生活的理解和感受,当他们的亲身______与作者的思想感情发生撞击时,就可能诱发对生活的思考和分析。填入横线处最恰当的一项是()。
[*]
Thevisitorsfeltgreatlysurprisedat______theysawinthemuseum.
Since1975advocatesofhumanetreatmentofanimalshavebroadenedtheirgoalstoopposetheuseofanimalsforfur,leather,wo
最新回复
(
0
)