At the Time That Kirby Company Issued a 2-For-1 Stock

question 112

Multiple Choice

At the time that Kirby Company issued a 2-for-1 stock split, the company had 5,000 shares of $6 par value common stock outstanding. Stockholders' equity also contained $15,000 of additional paid-in capital and $22,000 of retained earnings. Immediately after the stock split the:

• A) balance in the common stock account would amount to $30,000.
• B) amount of paid-in capital in excess of par-common would be equal to $150,000.
• C) balance in the retained earnings account would amount to $11,000.
• D) number of outstanding shares of common stock would be 2,500.

Recognize the role of performance measurements and reference points in control systems.

Identify the importance of organizational culture in enforcing controls.

Distinguish between various control techniques and their impact on organizational behavior.

Grasp the concept of time management in production through cycle time understanding.

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Definitions:

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual, often focusing on self-actualization and personal growth.

Personality

The fusion of qualities and characteristics that establish an individual's singular nature.

Maslow's Hierarchy

A theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Aesthetic Needs

The human desire for beauty, order, and form, often related to the arts and nature.