A Corporation Can Issue More Shares Than It Is Authorized

question 203

True/False

A corporation can issue more shares than it is authorized in its charter if the board of directors approves of an increase in the number of authorized shares.

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Definitions:

Bourgeoisie

This term describes the middle class in capitalist societies, historically seen as the social class that owns the means of production.

Marx

Karl Marx, a 19th-century philosopher, economist, and political theorist known for his theories about capitalism and communism.

Social Mobility

The act of moving single persons, family units, or collective groups across different levels within a structured social ladder or ranking system.

Upward Mobility

The ability or opportunity for individuals or groups to improve their economic status or social class.