Ordinary No-Par Shares

question 42

Multiple Choice

Ordinary no-par shares

• A)Are considered illegal.
• B)May be subject to high taxes.
• C)May be sold at a premium.
• D)All of these answer choices are correct.

---

Definitions:

Total Cost

The full amount of expenses incurred by a firm in the production of goods or services, including both fixed and variable costs.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.

Sod

A layer of earth in which the roots of grass are embedded, commonly used for lawns, golf courses, and sports fields to quickly establish a green surface.

Marginal Costs

The expense incurred from the production of one more unit of a product or service.