The Glass Ceiling Act

question 45

Multiple Choice

The Glass Ceiling Act

• A)never made it out of congressional committee.
• B)was declared unconstitutional by the U.S.Supreme Court.
• C)protects only white females.
• D)created the Glass Ceiling Commission.

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Definitions:

Warrants

Warrants are a type of security that gives the holder the right to purchase a company’s stock at a specific price until the expiration date.

Long-term Call Options

Financial derivatives granting the holder the right, but not the obligation, to buy a security at a fixed price within a specific long-term period.

Exercise Price

The price stated in the option contract at which the security can be bought (or sold). Also called the strike price.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of the company's profits and a right to vote on management decisions.