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

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The term that designates the maximum number of shares that a corporation may issue is the authorized shares. The authorized shares represent the maximum number of shares that a corporation can issue, as indicated in its articles of incorporation. This number can be increased or decreased through a vote of the shareholders. Outstanding shares refer to the actual shares that are currently owned by shareholders, issued shares are the number of shares that have been issued to shareholders, and treasury stock refers to shares of a company's stock that have been repurchased by the company itself and are being held in its treasury.

Which of the Following Terms Designates the Maximum Number of Shares