The Intermediate Equal Protection Test

question 24

Multiple Choice

The intermediate equal protection test:

• A) does not require governmental classification to bear a substantial relationship to an important governmental objective.
• B) eliminates the strong presumption of constitutionality that exists under the rational relationship test.
• C) does not allow taking into legislative consideration the natural physical differences of gender.
• D) requires that men and women be treated exactly the same with regard to governmental action.

---

Definitions:

Shares Outstanding

The total number of shares of stock that are currently owned by investors, including restricted shares owned by the company’s officers and insiders.

Contra Stockholders' Equity

Accounts on a company's balance sheet that have a negative balance, reducing the overall equity of stockholders.

Retained Earnings

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

Paid-In Capital

The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares themselves plus any additional paid-in capital.