The Authorized Shares of a Corporation

question 128

Multiple Choice

The authorized shares of a corporation

• A) only reflect the initial capital needs of the company.
• B) are determined by the company's board of directors.
• C) are indicated in its articles of incorporation.
• D) must be recorded in a formal accounting entry.

---

Definitions:

Unrestricted Submarine Warfare

A type of naval warfare in which submarines attack merchant ships without warning, as practiced by Germany in both World Wars.

Allied Supply Shipments

The transportation and delivery of military and humanitarian supplies by the Allied nations to their forces and occupied territories during times of conflict, particularly noted in World Wars I and II.

American Mobilization

the process wherein the United States prepares and organizes its military and civilian resources for war or national defense, notably during World War II.

Wilsonian Ideals

based on President Woodrow Wilson's principles, promote democracy, capitalism, and national self-determination, shaping U.S. foreign policy in the 20th century.