Which one of the following is not a basic right of an owner of common share?
A)Participation in the corporation by voting in shareholder meetings.
B)Participation in the profits of the corporation through dividends declared by the board of directors.
C)Sharing in the responsibility of setting next year's budget.
D)Sharing in the distribution of assets of the corporation at liquidation.

Question

Quizplus · Accepted Answer

As an owner of common share, participation in setting next year's budget is not a basic right. This function is usually performed by the board of directors and the management team of the corporation. The basic rights of a shareholder include participation in the corporation by voting in shareholder meetings, participation in the profits of the corporation through dividends declared by the board of directors, and sharing in the distribution of assets of the corporation at liquidation.

Which One of the Following Is Not a Basic Right