In the Event That No Designation Is Made in the Articles

question 17

True/False

In the event that no designation is made in the articles of incorporation, if there is only one class of stock authorized, that stock is considered to be common stock.

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Definitions:

Output

The cumulative quantity of products or services generated by a corporation, sector, or nation.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced; represents the per unit cost of production.

Marginal Cost

The price increase caused by the creation of one more unit of a product or service.

Microsoft

An American multinational technology company known for its software, services, devices, and solutions.