Which statement is true?

a. preferred shareholders prefer noncumulative dividends over cumulative dividends.
b. all classes of stock must have equal voting rights per share.
c. from a legal perspective, preferred stock is a form of corporate equity.
d. common shareholders elect the corporate directors while the preferred shareholders vote on mergers and acquisitions.
e. preferred dividends provide tax-free income to individual investors.

Option C

Explanation: Owner's equity reflects the contributions of the owner in the company minus the drawings or deductions of the owner from the company plus net income (or minus net loss) since the start of the business. ... Owner's equity can also be regarded as a source of business assets (along with liabilities).

Preferred shares are also considered to be a part of equity as they are also the owners in the company shares and are not considered to be debtors. Their return is not fixed and depends on the profit that a company makes over a year.

answer; the above statement is half right, but mayo was not known as the father of scientific management..so the above is ( w taylor was known as the father of scientific