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101-500 Exam Simulator
  • Exam Code: 101-500
  • Exam Name: LPIC-1 Exam 101, Part 1 of 2, version 5.0
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  • Q & A: 40 Questions and Answers
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NEW QUESTION: 1
Which three are RUP disciplines? (Choose three.)
A. Configuration and Change Management
B. Requirements
C. Program Management
D. Analysis and Design
Answer: A,B,D

NEW QUESTION: 2
In what broad category of municipal bonds are "limited tax" bonds placed?
A. special tax
B. general obligation
C. revenue
D. new housing authority
Answer: B
Explanation:
general obligation. A limited tax bond is generally classified as general obligation.

NEW QUESTION: 3
Which of the following statements is correct regarding the declaration of a stock dividend by a corporation
having only one class of par value stock?
A. A stock dividend causes a decrease in the assets of the corporation.
B. A stock dividend is prohibited in such a corporation.
C. A stock dividend increases a stockholder's proportionate share of corporate ownership.
D. A stock dividend is a corporation's ratable distribution of additional shares of stock to its stockholders.
Answer: D
Explanation:
Choice "d" is correct. Stock dividends are dividends in the corporation's own authorized but unissued
shares given to existing shareholders on account of their shares. Choice "a" is incorrect. Despite the fact
that a stock dividend in a corporation with only one class of par value stock does not change a
shareholder's proportional ownership or affect capitalization of the corporation, nothing prohibits a
corporation--even a corporation with only one class of par value stock--from declaring a stock dividend.
Choice "b" is incorrect. With a stock dividend, when there is only one class of stock, each shareholder
receives a proportionate amount of stock, resulting in each shareholder owning the same percentage of
the corporation after the dividend is issued as he or she owned before the dividend was issued. Choice
"c" is incorrect. When a stock dividend is issued in a corporation's own stock, no assets are distributed
and the solvency of the corporation remains the same.

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