The Size of the U

question 22

Multiple Choice

The size of the U.S.Supreme Court is set by

• A)the president.
• B)Congress.
• C)the American Bar Association.
• D)state legislatures.

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Definitions:

Repurchasing Stock

When a company buys back its own shares from the marketplace, reducing the amount of outstanding stock.

All Equity Firm

A company that finances all of its operations, investments, and assets through stock equity rather than taking on any debt.

Closely Held

Refers to a company that has a small group of controlling shareholders, with limited public trade of its shares.

Borrow

To receive something of value with the promise to return it or its equivalent to the lender at a later date.