Match the Terms with the Definitions

question 101

Multiple Choice

Match the terms with the definitions.
-The power of each owner to act as an agent and engage in contracts for a business.

• A)preemptive right
• B)participating preferred stock
• C)par value
• D)capital stock
• E)organization costs
• F)charter
• G)common stock
• H)nonparticipating preferred stock
• I)noncumulative preferred stock
• J)no-par stock
• K)incorporators
• L)issued stock
• M)market value
• N)mutual agency

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Definitions:

National Assembly

A legislative body in various countries, which can be a form of parliament or assembly with wide powers typically established during or after a revolutionary period.

Paris Parlement

The supreme court of justice in pre-revolutionary France, known for registering royal edicts and sometimes resisting the king's authority by refusing to register policies.

National Assembly

is a legislative body in various countries, and it is often the lower house of a bicameral legislature or a unicameral legislature.

Estates-General

The legislative body in pre-revolutionary France made up of representatives of the three estates: the clergy, the nobility, and the commonpeople.