Par Value Is the Minimum Cushion of Capital Established for the Protection

question 50

Multiple Choice

Par value is the minimum cushion of capital established for the protection of

• A)investors (stockholders).
• B)management.
• C)creditors.
• D)customers.

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Definitions:

Fitness and Quality

Essential criteria that goods or services must meet, ensuring they are suitable and of a high standard for consumers.

Sale of Goods Act

Legislation governing the sale and purchase of goods, setting out legal rights and obligations of buyers and sellers.

Referral Selling

A sales strategy where existing customers are encouraged to refer new clients or customers to a business, often incentivized with rewards.

Door-to-Door Sales

The direct selling of goods or services to consumers at their homes or places of residence.