The Total Number of Shares That a Firm Can Legally

question 8

Multiple Choice

The total number of shares that a firm can legally issue are called ________.

• A) allocated shares
• B) authorized shares
• C) outstanding shares
• D) common shares

---

Definitions:

Electrodes

Conductive materials or devices used to make electrical contact with a nonmetallic part of a circuit, often found in batteries, electrolysis processes, and medical devices like ECG machines.

ECG

Electrocardiogram, a medical test that measures the electrical activity of the heart to assess heart health and detect abnormalities.

Electrode

A conductor through which electricity enters or leaves an object, substance, or region, often used in medical devices or for measuring electrical activity in the body.

ECG

Electrocardiogram, a test that measures the electrical activity of the heart to detect heart problems and monitor heart health.