NO.PZ2015122802000098
问题如下：
Which of the following is not a characteristic of common equity?
选项：
A.It represents an ownership interest in the company.
B.Shareholders participate in the decision-making process.
C.The company is obligated to make periodic dividend payments.
解释：
C is correct.
The company is not obligated to make dividend payments. It is at the discretion of the company whether or not it chooses to pay dividends.
考点：Characteristics Of Equity Securities
本题问不属于普通股股票特征的是？
A.股票代表投资人对于所投公司的所有权。正确
B.股东可以参与到公司的经营决策。正确。
C选项有个关键词“obligated”, 就错在这个词上，公司没有义务定期支付股利，只有债券的利息是公司的支付义务。对于股东来说，公司经营得好就有红利，经营不好或是有更好的投资机会的时候，公司就可以选择不分红。
普通股票为啥能参与到公司经营决策？
看书上的理解，应该只有cumulative voting只有票数足够多才可以参与到公司经营决策，B选项这么说是不是有点以偏盖全了？谢谢老师
