In Order to Be Issued, the Number of Shares of Stock

question 24

Multiple Choice

In order to be issued, the number of shares of stock must be .

• A) authorized in the corporation's articles of incorporation
• B) purchased by the directors of the corporation
• C) registered under the incorporation statute of Delaware
• D) approved by the U.S. Secretary of Treasury

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Definitions:

Complements

Goods or services that are used together, where the use or consumption of one enhances the use or consumption of the other.

Law Of Supply

The Law of Supply states that, all else being equal, an increase in price results in an increase in the quantity supplied.

Quantity Supplied

The supply of a good or service that businesses intend to sell, given a certain price point.

Quantity Supplied

The measure of goods or services that vendors are eager and able to part with at a set price.