SIE Exam Question 293: Answer and Explanation

Question: 293

Common stockholders do not have the right to vote on which of the following issues?

• A. Stock splits.
• B. Election of the board of directors.
• C. Bankruptcy.
• D. Issuance of additional common shares.

Correct Answer: C

Explanation:

C: Common stockholders do not have voting power in the matter of bankruptcy.