When a Newly Established Company Issues Shares for the First

question 3

Multiple Choice

When a newly established company issues shares for the first time the directors will issue the shares:

• A)at the price of $1 per share
• B)at the market price
• C)at a price established in consultation with ASIC
• D)at the highest price that they expect that the shareholders will be prepared to pay

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Definitions:

Eugene V. Debs

An American socialist, political activist, and trade unionist, known for his role in founding the Industrial Workers of the World and for running unsuccessfully for U.S. president five times as a candidate of the Socialist Party.

William McKinley

The 25th President of the United States (1897-1901) whose presidency is noted for victory in the Spanish-American War, economic prosperity, and the beginning of American imperialism.

Ohio Governor

The elected executive leader of the state of Ohio, responsible for the administration of state government and execution of state laws.

Presidential Election

The process by which the president of a country is elected, often through a direct vote by the populace or an electoral college system.