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Related to the Economics in Practice on p. 10: Prior to joining the glee club, Anjelica spent most of her free time studying in the library. Once she joined the glee club, Anjelica spent her free time hanging out in karaoke bars with other glee club members. This change in behavior is best described by
Earnings Per Share
A measure of a company's profitability, calculated as the profit available to common shareholders divided by the average number of common shares outstanding.
Working Capital
The variance between a business's present assets and its present debts, which demonstrates the firm's liquidity.
Common Stock
A type of equity security that represents ownership in a corporation, with rights to vote on corporate matters and receive dividends.
Market Price
The existing rate for buying or selling a product or service in a market environment.
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