A Firm Has $300 Million of Assets That Includes $50

question 81

Multiple Choice

A firm has $300 million of assets that includes $50 million of cash and 10 million shares outstanding.If the firm uses $30 million of its cash to repurchase shares,what is the new price per share?

• A)$25
• B)$27
• C)$30
• D)$32

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Definitions:

Emergent Role

A spontaneous role that develops naturally based on the needs and dynamics of a group rather than being formally assigned.

Disjunctive Task

A type of task in group settings where the group's performance is determined by the best individual performance within the group.

Social Responsibility

The obligation of individuals, organizations, and businesses to act in a way that benefits society at large, beyond their own interests.

Reward System

The structure and protocols an organization uses to recognize and reward employee performance, aimed at motivating and retaining staff.