Multiple Choice
Use the following to answer questions:
Table: Market for Apartments 
-(Table: Market for Apartments) Look at the table Market for Apartments. If a price ceiling of $700 is imposed on this market, the result will be an inefficiency in the form of a _____ million apartments.
Understand the fundamental concepts of corporate finance, including the difference between debt securities and ownership interest.
Recognize the constraints and regulations governing the issuance of dividends and the repurchase of shares by a corporation.
Identify the roles and powers of a corporation's board of directors in setting stock prices, issuing shares, and declaring dividends.
Comprehend the importance and application of various types of tests (e.g., earned surplus test, net asset test) in determining a corporation's ability to issue dividends.
Definitions:
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