What Might Happen If You Do Not Have the Most

question 2

Multiple Choice

What might happen if you do not have the most recent version of a code?

• A) Codebooks get dirty in the welding shop and older ones are often hard to read.
• B) The agencies offering the code move from time to time and you may not be able to find them if you do not have the current code.
• C) Codes change from time to time and not having the current code may mean the weld test you take might not be approved in the new version.
• D) Codes have been the same for years and the only value to a new codebook is it may be available on the web as a download and be much cheaper.

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Definitions:

Treasury Stock

Shares that were once a part of the outstanding shares of a company but were bought back and are held by the company itself.

Cost Method

An accounting method used to value inventory or investments at their original cost.

Par Value

A nominal value assigned to shares of stock, which may not reflect the actual market value.

Stock Split

A stock split is a corporate action where a company divides its existing shares into multiple shares to boost liquidity, though the overall market capitalization remains unchanged.