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At a party last week, Ben played a game similar to a scavenger hunt. Each child was given a list of ten items to retrieve from the kitchen within three minutes. The twist was that the lights in the kitchen were turned off and the shades were drawn leaving the room in complete darkness. One by one, the children would emerge from the room having found only two or three of the items. Ben, who had just learned about dark adaptation in school, easily won the game by
Preemptive Rights
The right of shareholders to purchase additional shares in a corporation before the public, in proportion to their existing shareholdings, to maintain their ownership percentage.
Capital Stock
The total amount of shares that a corporation is authorized to issue, as stated in its articles of incorporation.
Shares
Units of ownership in a company or financial asset, providing a proportion of the profits and losses.
Credit Sales
Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a later date.
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