Use the Information for the Question(s)below

question 69

Multiple Choice

Use the information for the question(s) below.
Luther Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share.
-Assuming Luther issues a 25% stock dividend,then Luther's new share price is closest to:

• A)$24.00.
• B)$30.00.
• C)$16.00.
• D)$32.00.

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Definitions:

Chain of Command

The hierarchical structure within an organization that outlines authority and responsibility relationships.

Delegation

The act of assigning authority and responsibility to others to carry out specific activities while maintaining accountability for the outcome.

Line of Authority

The hierarchical structure in an organization that outlines reporting relationships and the flow of decision-making power.

Chain of Command

The chain of command is a system in an organization that defines the hierarchical line of authority and communication from top leadership to lower-ranking employees.