公司理财精要第十四章题库.doc

Chapter 14 Dividends and Dividend Policy ? Multiple Choice Questions? 1.?Which one of the following is a payment of either cash or shares of stock that is paid out of earnings to a firms shareholders??A.?InterestB.?DistributionC.?Retained earningsD.?DividendE.?Stock repurchase ? 2.?Which one of the following is a payment by a firm to its shareholders from any source other than current or accumulated retained earnings??A.?InterestB.?DistributionC.?Retained earningsD.?DividendE.?Stock repurchase ? 3.?Which one of the following best defines a regular cash dividend??A.?Distribution by a firm to its shareholdersB.?Payment from any source by a firm to its ownersC.?One-time payment of cash by a firm to its shareholdersD.?Cash payment by a firm to its owners as part of a firms normal operationsE.?Distribution of the proceeds from the sale of a portion of a firms operations ? 4.?Which one of the following is the date on which the board of directors agrees to pay a dividend and passes a resolution to do so??A.?Date of recordB.?Ex-dividend dateC.?Payment dateD.?Declaration dateE.?Public announcement date ? 5.?The ex-dividend date is defined as _____ day(s) before the date of record.?A.?three businessB.?threeC.?two businessD.?twoE.?one ? 6.?On which one of the following dates is the determination made as to which shareholders will receive a dividend payment??A.?Date of recordB.?Ex-dividend dateC.?Payment dateD.?Declaration dateE.?Public announcement date ? 7.?On which one of the following dates are dividend checks mailed??A.?Date of recordB.?Ex-dividend dateC.?Payment dateD.?Declaration dateE.?Public announcement date ? 8.?The clientele effect states that investors fall into various groups because of differences in their preferences for which one of the following??A.?Share price levelsB.?Risk levelC.?Short-term versus long-term investmentsD.?Rates of returnE.?Dividends ? 9.?This morning, Lambert Materials bought 10,000 of its outstan