Which of the Following Terms Designates the Maximum Number of Shares

question 22

Multiple Choice

Which of the following terms designates the maximum number of shares of stock that a corporation may issue?

• A)Number of shares issued
• B)Number of shares authorized
• C)Par value
• D)Number of shares outstanding

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Definitions:

Adapter

A hardware or software component that allows one device or application to connect with and work with another, despite differences in format or standards.

MAN

An acronym for Metropolitan Area Network, a network that spans a physical area larger than a LAN but smaller than a WAN, typically used to connect multiple buildings within the same city.

Geographic Area

A specific portion of the Earth's surface, defined by natural or artificial boundaries.

LAN

A Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, laboratory, or office building.