Patterson Research Has 200 Shares of 10%,$100 Par Value,preferred Stock,and

question 27

Multiple Choice

Patterson Research has 200 shares of 10%,$100 par value,preferred stock,and 2000 shares of $10 par value common stock outstanding.Total paid-in capital is $40,000,and retained earnings are $0.There are one-year dividends in arrears on preferred stock.The book value per share on common stock is:

• A)$10.
• B)$40.
• C)$20.
• D)$9.

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Definitions:

Leadership Motivation

The intrinsic and extrinsic factors that drive an individual to seek leadership roles and excel in them, including the desire to influence and guide others.

Self-leadership

A process by which individuals influence themselves to achieve the self-direction and self-motivation needed to perform.

Self-directed Work Teams

Groups in which members work collaboratively without a traditional managerial supervision, making decisions and managing their operations independently.

Leadership Substitutes Theory

A theory proposing that certain characteristics of the situation, task, or subordinates themselves can substitute for leadership, rendering it unnecessary.