You Purchased 100 Shares of Quantex at $150 Per Share

question 31

Multiple Choice

You purchased 100 shares of Quantex at $150 per share for a total investment of $15,000.After your purchase the stock had a 3 for 1 split.How many shares do you now own and how much is your original investment now worth?

• A)100 shares and $150 dollars
• B)300 shares and $15,000 dollars
• C)100 shares and $45,000 dollars
• D)300 shares and $45,000 dollars

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Definitions:

Critical Factors

Essential elements or conditions necessary for the success of a business or project.

New Business

A venture that has been recently established, entering the market with fresh offerings of products or services.

Process Layout

An arrangement of resources in a manufacturing or service setting where similar processes or functions are grouped together, which is beneficial for handling a variety of products or services.

Product Layout

An arrangement of machinery, equipment, and staff within a production facility where the workstations and equipment are ordered by the sequence of operations.