Daisy and Donald Live in a Community with Rent Ceilings

question 51

Multiple Choice

Daisy and Donald live in a community with rent ceilings.Both are looking for an apartment to rent.Daisy has a job paying $10 per hour and Donald has a job paying $8 per hour.Both value an apartment equally.What is the most likely outcome?

• A)Daisy will spend more time than Donald searching for an apartment.
• B)Donald will spend more time than Daisy searching for an apartment.
• C)Both of them will spend the same amount of time searching for an apartment.
• D)Daisy will find the apartment.
• E)Donald will find the apartment.

---

Definitions:

Dividends Payable

A liability account on a company’s balance sheet indicating the amount owed to shareholders in the form of dividends to be paid out.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which may lower the share price.

Par Value

The nominal or face value of a stock or bond, as stated in the corporate charter or on the certificate.

Stock Dividend

Stock Dividend involves distributing additional shares of a company's stock to its shareholders as a form of dividend.