Your Credit Card Was Stolen, and You Did Not Realize

question 32

Multiple Choice

Your credit card was stolen, and you did not realize that it was stolen until you received your most recent billing statement. You contacted the credit card company immediately after you read your statement. Fraudulent charges were as follows: $500 for a VCR, $400 for a new set of tires, $100 cash withdrawal, and $25 in interest charges on the above items. You did not carry credit card insurance. How much is your potential maximum liability?

• A) $25.00
• B) $50.00
• C) $900.00
• D) $1,000.00
• E) $1,025.00

Comprehend the components that make up stockholders' equity and their presentation in financial statements.

Understand the effects of stock dividends and stock splits on company's equity and share value.

Know the legal and financial responsibilities of a corporation, including its standing as a separate legal entity.

Recognize the various types of stock and their characteristics, including par value and no-par value stocks.

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Definitions:

Justice

The fair and equitable treatment in accordance with the law, including the fair administration of laws and the impartial resolution of disputes.

Corporate Social Responsibility

A business model that requires companies to operate in an ethical and sustainable manner, considering their social, environmental, and economic impact.

Stakeholder Theory

A framework for organizational management that emphasizes considering the interests of all parties affected by business decisions, not just shareholders.

Kantian Theory

A moral philosophy asserting that decisions should be based on whether the action would be acceptable as a universal law and respecting individuals as ends in themselves.