Preferred shareholders are granted: Select one:
a. a guarantee of dividends of a set amount every quarter.
b. the right to dividends prior to common shareholders.
c. annual dividends equal to a set percentage of the preferred stock's market value.
d. the right to receive unpaid dividend payments provided the stock is noncumulative.
e. annual dividends equal to a set percentage of the firm's annual net income.

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm