Use the Information for the Question(s)below

question 2

Multiple Choice

Use the information for the question(s) below.
Luther Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share.
-Assuming Luther issues a 5:2 stock split,then the number of shares Luther will have outstanding following the split is closest to:

• A)25.0 million.
• B)12.5 million.
• C)2.0 million.
• D)16.0 million.

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Definitions:

Organizational Effectiveness

The degree to which an organization achieves its goals and objectives through the efficient use of resources within a given context.

High Machs

Individuals characterized by a Machiavellian personality, often exhibiting manipulation and a strong focus on self-interest.

Convincing Liars

Individuals who are highly skilled at deceiving others, often appearing believable and trustworthy while telling falsehoods.

Perceptual Set

A tendency to perceive or notice some aspects of the available sensory data and ignore others, influenced by expectations or prior knowledge.