Which of the Following Represents the Total Number of Shares

question 134

Multiple Choice

Which of the following represents the total number of shares that a corporation may issue under the terms of its charter?

• A) Authorized shares
• B) Issued shares
• C) Unissued shares
• D) Outstanding shares

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Definitions:

Compensation

Financial or other forms of reimbursement provided to individuals or groups for services rendered or as reparation for losses.

Bailee

A person or entity that has been given temporary possession, but not ownership, of personal property by another party known as the bailor.

Bailment

The act of temporarily placing control over or possession of personal property in the hands of another, under agreement.

Ordinary Care

The level of care that a reasonably careful person would exercise under similar circumstances to avoid harm to themselves or others.