June Is a Filipino American Who Has Saved Up Thousands

question 49

Multiple Choice

June is a Filipino American who has saved up thousands of dollars.She will be sending the funds to her extended family in her home country.This is referred to as

• A)remittances.
• B)redlining.
• C)sharing economy.
• D)amalgamation.

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Definitions:

Corporation

A business organized as a separate legal entity owned by stockholders.

Legal Capital

The amount of capital that must be maintained in the business as a safeguard for creditors, represented by the par value of issued shares.

Earnings Per Share

A metric that shows the portion of a company's profit allocated to each outstanding share of common stock.

Common Shareholders

Individuals or entities that own common shares in a corporation, granting them voting rights and a share in the company's profits via dividends.