What Number of Employees Must a Company Have Before They

question 10

Multiple Choice

What number of employees must a company have before they are required to provide family and medical leave and sick leave?

• A)any size company
• B)a company with over 10 employees
• C)a company with 15 employees or more
• D)a company with over 50 employees

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Definitions:

Articles of Incorporation

Legal documents filed with a government body to legally document the creation of a corporation.

Par Value

The nominal or face value assigned to a share of stock or a bond by the corporation issuing it, important in legal and accounting contexts but not necessarily related to market value.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, making them more affordable to small investors.

Shares

Shares represent units of ownership interest in a corporation or financial asset, providing shareholders with a proportion of the company's profits and a claim on assets.