Dandelion Fields Has a Tobin's Q of

question 29

Multiple Choice

Dandelion Fields has a Tobin's Q of .96. The replacement cost of the firm's assets is $225,000 and the market value of the firm's debt is $101,000. The firm has 20,000 shares of stock outstanding and a book value per share of $2.09. What is the market-to-book ratio?

• A) 2.75 times
• B) 3.18 times
• C) 3.54 times
• D) 4.01 times
• E) 4.20 times

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Definitions:

High Loyalty

A strong feeling of support or allegiance towards an organization, brand, or group.

Sequential Interdependence

A work process situation where the output of one task serves as the input to the next in a linear sequence.

Pooled Interdependence

A form of task interdependence where team members work independently and their outputs are combined to achieve the group's goals.

Group Development

Group development refers to the phases a team undergoes, from forming and storming to norming, performing, and adjourning, as it evolves in collaboration and efficiency.