Which of the Following Terms Designates the Maximum Number of Shares

question 20

Multiple Choice

Which of the following terms designates the maximum number of shares of stock that a corporation may issue?

• A)Number of shares authorized
• B)Number of shares issued
• C)Par value
• D)Number of shares outstanding

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Definitions:

Congested

Describes a state of overcrowding or overloading, often used in the context of traffic, networks, or systems running at or beyond capacity.

Common Resource

A resource like air or water that is not owned by anyone, cannot be easily limited to specific users, and is available for everyone to use, which might lead to overuse and depletion.

Public Park

A space that can be natural, semi-natural, or landscaped, designated for the enjoyment and recreation of people, or to safeguard wildlife or natural ecosystems.

Tragedy of the Commons

A situation in an economic system where individuals, acting independently and rationally according to their self-interest, behave contrary to the best interests of the whole group by depleting or spoiling shared resources.