Match the terms with the definitions.
-Together with the charter, this provides the general guidelines for conducting the business.

Question

Quizplus · Accepted Answer

Bylaws provide the general guidelines for conducting the business, along with the charter.

Answer: B
 The board of directors is a group of appointed individuals who have the responsibility to oversee the activities of the company.

Answer: E
 Capital stock subscription refers to the process of buying shares in a company at a fixed price.

Answer: G
 Paid-in capital refers to the amount of money that investors have paid in exchange for shares in the company.

Answer: F
 Preferred stock is a type of stock that provides priority over common stock in terms of dividends and assets in the event of liquidation.

Answer: I
 Dividends are payments made by a company to its shareholders, usually as a portion of the company's profits.

Answer: J
 Double taxation refers to the situation where a company's profits are subject to both corporate taxes and individual taxes when they are distributed to shareholders as dividends.

Answer: K
 Outstanding stock refers to the total number of shares that have been issued by a company and are currently held by investors.

Answer: L
 No-par stock is a type of stock that has no assigned nominal value. Instead, it is traded at its current market value.

Match the Terms with the Definitions