145 Which of the Following Is the Best Example of a Business

question 154

Multiple Choice

145 Which of the following is the best example of a business?

• A)a community college
• B)the Salvation Army
• C)the Girl Guides of Canada
• D)Wal-Mart Wal-Mart is the only one of the organizations listed which seeks to earn a profit.All of the others are nonprofit organizations.

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Definitions:

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including those held by institutional investors and restricted shares.

Shares Authorized

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Proxy

A person authorized to act on behalf of another, especially in voting at a shareholder meeting, or the document authorizing the person to vote.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation, with voting rights and the potential for dividends.