Which of the Following Occurs When the Board of Directors

question 104

Multiple Choice

Which of the following occurs when the board of directors declares a 3-for-1 stock split on 17,000 outstanding shares of $24 par common stock?

• A)The par value of the stock remains the same.
• B)The par value of the stock increases to $48 per share.
• C)The number of outstanding shares remains at 17,000.
• D)The number of outstanding shares increases to 51,000.

Distinguish between industrial and social regulation and their respective focuses and outcomes.

Understand the implications of antitrust laws on promoting competition and deterring anticompetitive practices.

Recognize the impact of technological advancements on the relevance of antitrust law.

Identify the main goals and criticisms of social regulation.

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Definitions:

Electric Wire

Conductors made of metal used to carry electricity from one place to another.

Miles Per Gallon (Mpg)

A measure of how far a vehicle can travel on a gallon of fuel, used as a standard to assess fuel efficiency.

Kilometers (Km)

A unit of length in the metric system equal to one thousand meters or approximately 0.62 miles.

Gallons

A unit of volume primarily used in the United States for measuring liquids and gases.