Values Such as Par, Stated Value, and No-Par Are Assigned

question 9

Multiple Choice

Values such as par, stated value, and no-par are assigned based upon:

• A)federal regulation.
• B)choice of the organizers of the corporation.
• C)tax law.
• D)market values of the stock.

---

Definitions:

Principle of Rights Theory

A normative theory that emphasizes the rights of individuals and the duties others have to respect those rights.

Rights

Legal, social, or ethical principles of freedom or entitlement; the fundamental norms concerning what people are allowed to do.

Company

A legal entity formed by a group of individuals to engage in and operate a business commercially or industrially.

Technological Innovation

The introduction of new technologies or the improvement of existing technologies to create new products, services, or processes.