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
23
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.
Common stock traded on stock exchanges represents ______.
选项
A、the voting rights the stockholders have
B、the stock shared by common people
C、the profits the shareholders receive
D、the ownership of a public corporation
答案
D
解析
“普通股可以在股市中流通,象征着公司的所有权。”由首段首句“A public corporation issues certificates of owership, called common stock…”可知。
转载请注明原文地址:https://kaotiyun.com/show/xYsO777K
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
A.UNIVERSITYOFPORTCHESTER--MASTERSINBUSINESSADMINISTRATIONWhychoosePortchester?LastyearwereceivedtheprestigiousK
CustomerCo-ProductionWhenwebegantheveryfirstresearchforTheSocialMediaBibleweasked1,000peopletoparticipate
ReadthearticlebelowaboutJapan’slostgeneration.Foreachquestion31-40writeonewordinthespaceonyourAnswerSheet.
ReadthearticlebelowaboutJapan’slostgeneration.Foreachquestion31-40writeonewordinthespaceonyourAnswerSheet.
DearMs.Reyes,Ourcompanyisonceagainconsideringalocation【C1】______WellTip’sannualMarchconference.Forthe
•Readthetextbelowaboutworksharingandjobsharing.•Inmostofthelines41—52thereisoneextraword.Itiseithergramm
•Readthetextbelowaboutworksharingandjobsharing.•Inmostofthelines41—52thereisoneextraword.Itiseithergramm
•Readthefollowingextractfromanarticleaboutcustomerrelationsandthequestionsthatfollow.•ForeachQuestion15-20,ma
随机试题
明朝内阁如认为皇帝诏书因不合时宜而不便下达时,可将诏书封还并加以驳正,这被称为()
简述共产主义社会的经济调节和管理的特点。
下列《马伶传》语句中属于场面描写的有
以下属于中医诊断的基本原理的是
急性坏死性龈炎青少年牙周炎
新建城市居住区内绿地率不应低于多少?(2010年第21题)
A公司于2009年6月在上海证券交易所上市。2013年4月,A公司聘请B证券公司作为向不特定对象公开募集股份(以下简称“增发”)的保荐人。B证券公司就本次增发编制的发行文件有关要点如下:(1)A公司最近3个会计年度的加权平均净资产收益率分别为7.74%、
咨询师使用冲击疗法时,应首先进行的工作是()。
在VisualFoxPro中,在数据库中创建表的CREATETABLE命令中定义主索引、实现实体完整性规则的短语是
Thewealthofacountryshouldbemeasured______thehealthandhappinessofitspeopleaswellasthematerialgoodsitcanpr
最新回复
(
0
)