An Increase in the Firm's Number of Shares Outstanding Without

question 340

Multiple Choice

An increase in the firm's number of shares outstanding without any change in owners' equity is called a ________________.

• A) Special dividend.
• B) Stock split.
• C) Share repurchase.
• D) Tender offer.
• E) Liquidating dividend.

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Definitions:

Bona Fide Occupational Qualification

A bona fide occupational qualification is a work requirement that is reasonably necessary to the normal operation of a particular business or job and is used as a defense against discrimination claims.

Discrimination

The unfair or biased treatment of various groups of people or objects, particularly based on race, age, or gender.

Punitive Damages

Monetary compensation awarded to an injured party that exceeds simple compensation and is intended to punish the wrongdoer.

Fair Labor Standards Act

A U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.