Match the terms with the definitions.
-group elected by the stockholders to determine corporate policies and to select corporate officers.

Question

Quizplus · Accepted Answer

The board of directors is elected by the stockholders to make decisions and set policies for the company.

C) bylaws
 Bylaws are the rules and regulations that govern the internal operation of a corporation.

G) paid-in capital
 Paid-in capital is the money that stockholders have invested in the company in exchange for stock.

F) preferred stock
 Preferred stock is a type of stock that typically pays a fixed dividend and has priority over common stock in the event of liquidation.

I) dividends
 Dividends are the portion of a company's profits that are paid out to stockholders.

J) double taxation
 Double taxation occurs when a corporation pays taxes on its profits and then shareholders pay taxes on the dividends they receive from those profits.

K) outstanding stock
 Outstanding stock is the total number of shares of stock that have been issued and are still owned by investors.

L) no-par stock
 No-par stock is a type of stock that does not have a par value assigned to it.

Match the Terms with the Definitions