Y Corporation Purchases S Stock as Follows The Last Date That Y Can Purchase Another 10 Percent

question 18

Multiple Choice

Y Corporation purchases S stock as follows: $\begin{array}{lr}\text { November } 15,2010 & 10 \text { percent } \\\text { February } 12,2011 & 5 \text { percent } \\\text { November } 12,2011 & 60 \text { percent } \\\text { December } 28,2011 & 10 \text { percent }\end{array}$ The last date that Y can purchase another 10 percent of S stock and still qualify for the § 338 election is

• A)December 31, 2011
• B)January 14, 2012
• C)February 11, 2012
• D)November 11,2012
• E)not relevant; Y will never qualify to make the § 338 election.

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Definitions:

Effective Leadership

The ability of a person to inspire and motivate others towards the achievement of goals, marked by strong communication, decisiveness, and strategic thinking.

Fiedler

Refers to Fiedler's contingency theory, which posits that leadership effectiveness is contingent upon the leader's style of interaction with group members and the degree of control the leader has over the situation.

Hersey-Blanchard

A situational leadership model developed by Paul Hersey and Kenneth Blanchard that suggests the best leadership style is contingent on the level of followers' maturity.

Contingency Models of Leadership

Contingency models of leadership propose that the effectiveness of leadership is contingent upon the interplay between a leader's style of leadership and the demands of the situation.