The Maximum Number of Shares a Firm Can Issue Is

question 21

Multiple Choice

The maximum number of shares a firm can issue is known as:

• A) issued but not outstanding
• B) issued and outstanding
• C) authorized shares
• D) none of the above

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Definitions:

AC into DC

The process of converting alternating current (AC) into direct current (DC), typically using rectifiers.

Commutator

Strips or bars of metal insulated from each other and arranged around one end of an armature. They provide connection between the armature windings and the brushes. The commutator is used to ensure proper direction of current flow through the armature windings.

Alternator

An electrical generator that converts mechanical energy to electrical energy in the form of alternating current.

Converter

A device that changes the form of an electrical signal or power source, such as converting alternating current (AC) to direct current (DC).