Which of the Following Is Incorrect with Regard to Treasury

question 40

Multiple Choice

Which of the following is incorrect with regard to treasury shares?

• A) No dividends may be paid on treasury shares.
• B) They are issued but not outstanding.
• C) A corporation may sell treasury shares for any amount the board of directors determines,even if the shares have a par value that is more than the sale price.
• D) The concept of treasury stock was created by the MBCA and is carried forward in the RMBCA.

---

Definitions:

Industrial Cities

Urban areas that are heavily characterized by the presence of manufacturing industries, often emerging with the industrial revolution and contributing significantly to urbanization.

Crime Levels

Refers to the amount or volume of crime in a given area or within a specific population over a period of time.

Concentric Zone Theory

A sociological theory posited by Ernest Burgess, which suggests that urban land use is organized in concentric circles expanding from the city center.

Cities Growth

The increase in size, population, and complexity of urban areas, often driven by economic development and migration.