Question

Which best describes the difference between preferred and common stock

Answer 1

Preferred stock usually comes with more voting rights and in some cases can pay a higher dividend then common stock.

Answer 2

I believe the answer is: Common stock gives shareholders one vote per share owned, while shareholders of preferred stock do not have voting rights.

This mean that the holder of preferred stock does not have the power to influence the decision that is made by management.
But, one advantage of a preferred stock is that they always be more prioritized over common stock holder during dividend sharing.