Suppose That You Own a Rowboat and Sometimes Go Rowing

question 52

Multiple Choice

Suppose that you own a rowboat and sometimes go rowing in the summer. In June, you are planning to go rowing with two of your friends (three people total in the boat) , and in July, you are planning to go rowing with just one friend (two people total in the boat) . Will you put in more effort (row harder) on the three-person trip or on the two-person trip?

• A) You will put in more effort on the three-person trip.
• B) You will put in more effort on the two-person trip.
• C) You will put in the same amount of effort on both trips.
• D) It is impossible to say-no research has examined this question.

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Definitions:

Right Of Appraisal

See dissenter’s rights.

Reverse Share Split

A corporate action in which a company reduces the total number of its outstanding shares, typically to increase the per-share price.

Fractional Shares

Shares of stock that are less than one full share, which can occur through dividend reinvestment plans or stock splits.

Duty Of Care

A legal obligation to avoid acts or omissions that could likely cause harm to others.