WAEC - Economics (2008 - No. 18)
The main characteristics of an ordinary shares are
maximum risk, fixed dividends, voting rights
minimum risks, fixed dividends, no voting rights
maximum risks, variable dividends, voting rights
minimum risks. fixed dividends, no voting rights
Explicaţie
Ordinary shareholders are owners of the company, hence possess voting rights in the selection of board members, they take the maximum risks of the business, and their dividends vary and mostly paid only after all other classes of shares have been paid.