Macmillan Corporation Has Provided the Following Financial Data

question 238

Multiple Choice

Macmillan Corporation has provided the following financial data:
Dividends on common stock during Year 2 totaled $7,200. The market price of common stock at the end of Year 2 was $3.69 per share.
-The company's acid-test (quick) ratio at the end of Year 2 is closest to:

• A) 1.96
• B) 1.41
• C) 1.20
• D) 1.48

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Definitions:

Social Loafing

A phenomenon in group settings where individuals reduce their effort because they believe other members of the group will compensate.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or values).

Making Attributions

The process of explaining one's own behavior and the behavior of others by assigning causes to these behaviors.

Dissonance Levels

A term used to describe the amount of conflict or inconsistency between an individual's beliefs, attitudes, or behaviors, leading to a state of psychological discomfort.