If a Company's Stock Is Selling for $10 a Share

question 74

Multiple Choice

If a company's stock is selling for $10 a share and it has a thousand shares outstanding, what is the market capitalization of the company?

• A) $10
• B) $100
• C) $1,000
• D) $10,000

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Definitions:

Traditional Authority

A form of leadership in which authority is legitimized by customs and historical precedent.

Lateral Decision Making

A decision-making process that involves collaboration among team members or departments at the same organizational level, rather than following a top-down approach.

Team Culture

The shared values, practices, and norms that shape the behavior and interaction of team members within an organization.

Creative Teamwork

The collaborative effort of a group to generate innovative solutions and ideas through collective creativity.