Examlex
__________ management is based on the belief that productivity is maximised when organisations are rationalised with precise sets of instructions based on time-and-motion studies.
Stated Value
A value that is assigned to a share of stock by the issuing company, which may bear no relation to its market value.
Par Value
Par value is the nominal or face value of a bond, share of stock, or coupon as stated by the issuer.
No-Par Common Stock
Shares issued without a par value, meaning their value is determined by the market rather than a set face value.
Stated Value
The nominal value assigned by the company to its no-par stock, which becomes the legal capital per share.
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