The Per Share Amount Normally Assigned by the Board of Directors

question 149

Multiple Choice

The per share amount normally assigned by the board of directors to a large stock dividend is

• A) the market value of the stock on the date of declaration.
• B) the average price paid by stockholders on outstanding shares.
• C) the par or stated value of the stock.
• D) zero.

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Definitions:

Bureaucratic Model

A system of administration that operates through a fixed set of rules and procedures, often used in large organizations to ensure consistency and control.

Quasi-judicial Grievance Procedures

These are formal processes used within organizations to resolve disputes between employees and employers, mimicking judicial proceedings.

Flexibility

Flexibility in the workplace refers to the adaptability of work arrangements, such as schedules and tasks, to accommodate both business needs and employees’ personal lives.

Contract Administration

The management of contracts made with customers, vendors, partners, or employees, focusing on ensuring compliance with terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation.