The Rights and Preferences of an Issued Class of Stock

question 14

True/False

The rights and preferences of an issued class of stock may be amended by the unanimous consent of the board of directors.

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Definitions:

Sales Increase

The rise in the volume or value of sales of goods and services over a specific period.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted into cash in the near term.

Inventory

The totality of goods or materials a company holds for the purpose of selling in the market or using in production.

Fixed Assets

Assets that are of a permanent or long-term nature, typically used in the operations of a business, such as buildings, machinery, and equipment.