What Are Laws

question 37

Multiple Choice

What are laws?

• A) informal norms or everyday customs that may be violated without serious consequences within a particular culture
• B) strongly held norms with moral and ethical connotations that may not be violated without serious consequences in a particular culture
• C) mores so strong that their violation is considered extremely offensive and even unmentionable
• D) formal,standardized norms that have been enacted by legislatures and are enforced by formal sanctions

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Definitions:

Par Common Stock

The nominal or face value of common stock as stated in the corporate charter, which is the minimum amount that must be paid by investors for each share.

Preferred Stock

A type of stock that provides dividends before common stockholders and has priority over common stock in the event of liquidation.

Par Value

A nominal value assigned to a share of stock in the charter of the corporation, often used to determine legal capital.

Shares

Units of ownership interest in a corporation or financial asset, giving the shareholder a proportion of the company's profits.