The Mesta Was a

question 11

Multiple Choice

The Mesta was a

• A) military association formed by the towns for defense against the nobles.
• B) royal council with administrative and judicial functions.
• C) powerful guild of sheep raisers.
• D) charter of liberties granted by the king to the towns.

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Definitions:

Stock Split

A corporate action to increase the number of outstanding shares while reducing the price per share, keeping the overall market capitalization the same.

Par Value

The face value of a bond or stock as specified by its issuer, which does not necessarily correspond to its market value.

Stock Dividend

A dividend payment made in the form of additional shares rather than a cash payout, increasing the number of shares held by each shareholder.

Retained Earnings

The portion of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt.