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A Student Gets a 99 Out of 100 on Her

question 2

Multiple Choice

A student gets a 99 out of 100 on her first quiz in a psychology class, but gets only a 91 on the next quiz. This is a likely example of which of the following?


Definitions:

Par Value

The stated value of a financial instrument like a bond or stock share, as declared by the issuer.

Retained Earnings

The portion of a company's profits that is kept or retained for reinvestment or to pay debt, rather than being paid out as dividends to shareholders.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders, but not retired, and may resell in the future.

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