The decision to pay a cash dividend is within the jurisdiction of ________.

Question

Quizplus · Accepted Answer

The decision to pay a cash dividend is ultimately made by the board of directors of the firm. They are responsible for determining the amount and timing of dividend payments, and must act in the best interest of the company and its shareholders. The SEC may have some oversight and regulation of the process, but does not make the final decision on whether or not a dividend will be paid. The firm's labor union and largest shareholders may have input into the decision, but ultimately it is up to the board of directors to make the call.

The Decision to Pay a Cash Dividend Is Within the Jurisdiction