Canadian Securities Course (CSC) Practice Exam

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Practice for the Canadian Securities Course (CSC) exam with our quiz. Test your knowledge with multiple-choice questions. Be prepared for the real exam!

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What does the term "Outstanding shares" refer to in the context of stock ownership?

the total number of shares available for purchase
the number of shares bought by the issuer
the total number of shares owned by stockholders on a specific date
the number of shares held by the company's executives

The correct answer is: the total number of shares owned by stockholders on a specific date

Outstanding shares refer to the total number of shares held by stockholders on a specific date. This is different from the total number of shares available for purchase (option A) because it includes shares that have already been purchased and are still being held. It also differs from the number of shares bought by the issuer (option B) because outstanding shares includes shares that have been bought by both the issuer and other investors. Additionally, the number of shares held by the company's executives (option D) may be included in the outstanding shares, but it is not limited to just executive holdings. Overall, outstanding shares represent the total ownership of a company by its shareholders.