The Social Security Act (1935)

question 47

Multiple Choice

The Social Security Act (1935) :

• A)sets the ground rules for the give and take between labor unions and corporate managers.
• B)provides modest pensions to retired workers.
• C)sets the terms and conditions of employment to be provided by government contractors.
• D)provides remedies for injured sailors.

---

Definitions:

Fraudulent

Involving deception, typically for personal gain or to damage another individual, often considered a white-collar crime.

Preemptive Rights

Rights that give existing shareholders the option to buy additional shares before the company offers them to the public, to maintain their proportionate ownership.

Outstanding Shares

Outstanding shares refer to the total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Treasury Shares

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the financial market but not considered when calculating earnings per share or dividends.