Which of the following is correct with regard to "par value"?

A) It indicates the worth of the stock at issue.
B) It is the minimum price at which the corporation may sell the stock at issuance.
C) It represents the maximum price at which the stock may be sold at issuance.
D) It represents the amount for which the stock must be traded.


B

Business

You might also like to view...

For a given confidence level, the procedure for controlling interval length usually begins with the specification of the

A. point estimate. B. population standard deviation, s. C. sample standard deviation, s. D. interval half-length, B.

Business

If the report is urgently needed, it is sometimes necessary to sacrifice accuracy in the interest of

A) timeliness B) personal feelings. C) profits. D) expectations.

Business

Lengthy, detailed, legally-binding union contracts have clashed with employers' need for greater _____________________ that they argue is necessary for adapting to today's competitive, fast-changing business environment.

Fill in the blank(s) with the appropriate word(s).

Business

A bid that conforms to the invitation to bid is said to be _______.

a. responsible b. inexpensive c. responsive d. reliable

Business