Allen Gibbs Purchased 50 Shares of ABC Corp

question 22

Multiple Choice

Allen Gibbs purchased 50 shares of ABC Corp., each worth $110. If the price of the share increases to $135 after a year, which of the following will be the capital gain if Allen sells all his shares?

• A) $1,250
• B) $25
• C) $6,750
• D) $5,500

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Definitions:

Toxic Effect

Harmful or destructive impact often resulting from exposure to a toxic substance or negative behaviors in an environment.

Destructive Leader

A leadership style characterized by manipulation, control, and the undermining of individuals’ rights, often leading to negative outcomes for the organization or group.

Suspicious Motives

The assumption or belief that underlying intentions or motivations of an individual or group are questionable, dishonest, or harmful.

Extraversion

A personality trait characterized by outgoingness, sociability, and a tendency to seek stimulation and the company of others.