Which of the Following Would Generally Not Need to Be

question 96

Multiple Choice

Which of the following would generally not need to be approved by the board of directors?

• A) issuing capital stock
• B) repurchasing capital stock
• C) declaration of a dividend
• D) payment of a dividend

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Definitions:

Quantity Supplied

The quantity of a product that suppliers are ready to sell at a particular price during a defined time frame.

Comparative Advantage

An individual's, a business's, or a nation's potential to produce a service or good at an opportunity cost that is inferior to that of its competition.

Production Possibilities

Production possibilities refer to the different combinations of goods and services that an economy can produce given its available resources and technology.

Specialization

The process of focusing effort and resources on a limited number of activities to increase efficiency and productivity.