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 (
•Read the article below about common Stock and Preferred Stock and the questions. •For each question (13-18), mark one letter (
admin
2010-01-22
34
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)
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 issues affecting the corporation (including a decision to sell or merge with another 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 bad, 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 pf 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 rate 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.
In short, common stock usually has more control through voting privileges, greater chance for high returns and more risk, whereas preferred stock usually has less control,fixed returns, less risks, and less chance for big gains.
One of the differences between common stock and preferred stock lies in that
选项
A、the former is safer in getting dividends.
B、common stockholders get more stable profits.
C、the latter gets more fixed returns.
D、preferred stockholders have more rights in voting.
答案
C
解析
此题是对文章细节的考查。题干意思是普通股和优先股的不同。在文末提到了两者的需要,反复对比四个选项。选项A、B、D都正好说反了。故选C。
转载请注明原文地址:https://kaotiyun.com/show/W3sO777K
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
•Readthearticlebelowaboutconsumers’attitudestogoodsdescribedas’premium’.•Choosethebestsentencefromtheopposit
•Lookatthestatementsbelowandatthefiveextractsontheoppositepagefromtheannualreportsoffivemobilephonecompan
•Readthejobadvertisementbelow.•Foreachquestion(31-40),writeonewordinCAPITALLETTERSonyourAnswerSheet.
•Readthetextbelowaboutleadership.•ChoosethecorrectwordtofilleachgapfromA,B,CorDontheoppositepage.•For
•Readthisintroductiontoanarticleaboutanapproachtomanagement.•Choosethebestsentencefromtheoppositepagetofil
•Readthisintroductiontoanarticleaboutanapproachtomanagement.•Choosethebestsentencefromtheoppositepagetofil
•Lookatthestatementsbelowandatthefiveextractsontheoppositepagefromanarticlegivingadvicetopeoplesettingup
•Readthetextbelowaboutamanagementtrainingcourse.•Inmostofthelines41-52thereisoneextraword.Itiseithergra
•Readthefollowingarticleaboutnegotiatingandthequestionsontheoppositepage.•Foreachquestion15-20,markonelette
•Readthefollowingarticleaboutnegotiatingandthequestionsontheoppositepage.•Foreachquestion15-20,markonelette
随机试题
简述新时期教师的职业特点。
肾小球滤过率在肾动脉血压于一定范围内变动时保持不变,这一调节属于
用于计算房地产开发项目全部投资动态经济评价指标的财务报表是()现金流量表。
下列各项中,准予在企业所得税税前扣除的是()。
工作说明书是对应由项目提供的________的文字说明。
珍妮是个总爱低着头、很忧郁的小女孩,因为她一直觉得自己长得不够漂亮。老师想了个办法。一天,老师带她到饰品店去买了只绿色蝴蝶结,店主不断赞美她戴上蝴蝶结很漂亮.珍妮虽不信,但是很高兴,不由昂起了头,急于让大家看看,出门与人撞了一下,把蝴蝶结撞掉了都不知道。老
根据以下情境材料,回答问题。2015年6月18日,甲地公安机关接到群众报警,称某小卖部失火。公安机关赶到后现场勘查发现,仰卧状尸体一具,身上有明显伤痕,颈部有一处刀伤,现场有汽油味,收银柜台完好。经查小卖部电线老化,尸检报告显示死者为小卖部主人赵某,O型
(2012—单选—5)被誉为近代中国“开眼看世界”第一人的是()。
在地震带、矿难等灾害现场,生命体征探测仪能为及时发现幸存者提供很大的帮助。它是通过捕捉被探测者的人体信号来进行定位搜寻的仪器。目前,生命体征探测仪能探测到的人体信号主要有()。
在WWW上的多媒体检索工具主要是基于______。
最新回复
(
0
)