Stockholders usually have the following rights:
I.to elect board members,authorize issue of new shares,and vote on matters of great importance like mergers;
II.to share proportionally in regular and liquidating dividends;
III.to share proportionally in any new stock sold
A)I only
B)I and II only
C)I,II,and III
D)I and III only

Question

Quizplus · Accepted Answer

The statement describes three rights that stockholders usually have: the right to elect board members, authorize the issue of new shares, and vote on matters of great importance like mergers (I); the right to share proportionally in regular and liquidating dividends (II); the right to share proportionally in any new stock sold (III). Therefore, the correct choice is C, which includes all three rights.

Stockholders Usually Have the Following Rights