The Number of Shares a Corporation May Issue Is Specified

question 31

True/False

The number of shares a corporation may issue is specified in the articles of incorporation and approved by the Securities and Exchange Commission.

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Definitions:

Economic Fluctuations

Variations in the level of economic activity in a country over a period of time, characterized by periods of boom and recession.

Fiscal Policy

The use of government spending and taxation levels to influence the economy, aiming at managing economic fluctuations, controlling inflation, and stimulating economic growth.

Tax Cut

A reduction in the amount of taxes imposed by a government, often aimed at stimulating economic growth or achieving political goals.

Great Depression

A severe worldwide economic depression that took place during the 1930s, beginning in the United States.