Final answer:
The subject of the question is shares issued by a company, and the correct answer is outstanding shares.
Step-by-step explanation:
The subject of the question is related to shares issued by a company.
The correct answer to the question is c. outstanding shares.
Outstanding shares refer to the total number of shares of a company's stock currently held by all shareholders, including both individual and institutional investors. It excludes any shares that have been repurchased by the company as treasury shares. Outstanding shares represent the ownership stake in the company and are used to calculate various financial ratios and statistics.