Ontario Barrister and Solicitor Practice Exam

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Study for the Ontario Barrister and Solicitor Exam. Quiz with flashcards and multiple choice questions, each with hints and explanations. Prepare for your legal career!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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A publicly traded company is NOT required to:

Issue new securities regularly
Ensure accurate financial reporting
Follow corporate governance best practices
Pay quarterly or annual dividends to shareholders

The correct answer is: Pay quarterly or annual dividends to shareholders

A publicly traded company is required to issue new securities regularly as this helps in raising capital for the company. Issuing new securities helps the company grow and expand its business. It is also required to ensure accurate financial reporting as this provides transparency and accountability to shareholders and potential investors. Additionally, following corporate governance best practices is essential for a publicly traded company as it ensures the ethical and responsible management of the company. However, paying quarterly or annual dividends to shareholders is not a requirement for a publicly traded company. While many companies choose to distribute dividends to shareholders as a way to share profits, it is not mandatory and can vary depending on the company's financial performance and strategy.