You Purchased 75 Shares of Basket Company for $42 a Share

question 14

Multiple Choice

You purchased 75 shares of Basket Company for $42 a share. One share of the stock is currently trading between $52 and $53, and you placed a stop loss order at $47. If the stock price drops to $40 a share, what is your return on this investment?

• A) 8.7 percent
• B) 9.2 percent
• C) 10.3 percent
• D) 11.9 percent
• E) 12.8 percent

---

Definitions:

Referent Power

Influence based on identification with, admiration of, or respect for the power-holder.

Sources of Personal Power

The origins from which individuals derive their ability to influence others, such as expertise, charisma, or formal position.

Reward Power

The ability to influence others by offering positive incentives or rewards for desired behavior.

Pay Raises

an increase in an employee's salary or wages, often given to recognize performance or adjust for market conditions.