Authorized Stock Represents the

question 36

Multiple Choice

Authorized stock represents the

• A)maximum number of shares that can be issued.
• B)number of shares that have been sold.
• C)number of shares that are currently held by stockholders.
• D)number of shares that have been repurchased by the corporation.

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Definitions:

Design Defect

A flaw in the planning or design of a product that makes it unsafe or ineffective for its intended use.

Reasonably Preventable

Referring to measures or actions that can be taken to reasonably avoid or mitigate a certain risk or harm.

Product Liability Laws

Legal rules concerning the responsibility of manufacturers and sellers for injuries caused by defective products they provided.

Ground-Up

To start something from nothing, building it step by step from the foundation.