Which of the following is true about par-value stock?
A) The par value of the stock must equal the value of money, property, or services received by the corporation.
B) The par value of the stock must equal the value of money, property, or services received by the stockholder who sells it.
C) Common stock usually has a par value.
D) When sold by a corporation at a discount the corporation is liable to make up the discount.
Question 2
James and Cameron applied for the position of an assistant professor at Luthans University. Though Cameron had more experience and was better qualified, her job application was rejected by the University Board. The Board felt that as a woman, Cameron would not be able to maintain discipline in her class since most of the students were male. James' job application was considered and he was later hired. In this case, the University Board:
A) violated the provisions of Title VII of the Civil Rights Act.
B) does not violate Title VII since they could demonstrate a BFOQ exception.
C) does not violate Title VII but violates EEOC.
D) does not violate either Title VII or EEOC since gender was part of the required skills.
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