The Acts of an Employee Committed While Performing Duties for the Employer

question 23

Multiple Choice

The acts of an employee committed while performing duties for the employer are considered:

• A) his or her own responsibility alone.
• B) the acts of the employer.
• C) free of liability.
• D) to be the court's responsibility.

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Definitions:

Common Shares Outstanding

The total number of shares of common stock currently held by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Additional Paid-In Capital

The excess of the amount paid by investors over the par value of a stock during equity issuance.