Post Utme Lasu 2024 Commerce Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Lasu Commerce examination.

Post Utme Lasu 2024 Commerce Objective / Multiple Choice
Question 37 POST_UTME_LASU • 2024 • COMMERCE • objective

A company's articles of association state that the company's shares are to be divided into two classes: ordinary and preference. What is the primary difference between these two classes of shares?

Answer Options

Correct Answer A. Ordinary shares have voting rights, while preference shares do not.
B. Preference shares have voting rights, while ordinary shares do not.
C. Ordinary shares have a higher dividend rate than preference shares.
D. Preference shares have a higher dividend rate than ordinary shares.
Correct Answer
A
Correct Option:
Ordinary shares have voting rights, while preference shares do not.

About This Question

This is Post Utme Lasu 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Lasu Commerce examination.

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