Which one of the following types of stock is defined by the fact that it receives no preferential treatment in respect to either dividends or bankruptcy proceedings? a a) dual class b b) cumulative c c) non-cumulative d d) preferred e e) common

Preferred stock is defined by the fact that it receives no preferential treatment in respect to either dividends or bankruptcy proceedings.

Option: (D)

Explanation:

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an informal structure in a bureaucracy would be something like so-called "office politics". where there's a formal structure set up for the organization, but then an informal subculture as well that has a way of organizing the bureaucracy further. this can be positive because it sets up an added degree of organization, albeit informal, within the bureaucracy.