Post Utme Uniport 2021 Commerce Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Uniport Commerce examination.

Post Utme Uniport 2021 Commerce Objective / Multiple Choice
Question 17 POST_UTME_UNIPORT • 2021 • COMMERCE • objective

A company's articles of association may provide for the issue of preference shares. What are the characteristics of preference shares?

Answer Options

A. They have a higher claim on assets than ordinary shares
B. They have a lower claim on assets than ordinary shares
Correct Answer C. They have a fixed dividend rate
D. They have a variable dividend rate
Correct Answer
C
Correct Option:
They have a fixed dividend rate

About This Question

This is Post Utme Uniport 2021 Commerce Question 17. It is one of the objective questions from the 2021 Post Utme Uniport Commerce examination.

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