Grant Corporation Declared a 2-For-1 Stock Split When It Had

question 43

Multiple Choice

Grant Corporation declared a 2-for-1 stock split when it had 12,000 shares of $5 par value common stock outstanding. If the market price of the stock had been $20 a share before the split, the par value, number of shares and approximate market value after the split would be: $\begin{array}{llll}&\text { Par Value No.}&\text { of Shares }&\text {Market Value }\\\text { A) } & \$ 2.50 & 24,000 & \$ 10.00 \\\text { B) } & \$ 2.50 & 24,000 & \$ 5.00 \\\text { C) } & \$ 2.50 & 12,000 & \$ 10.00 \\\text { D) } & \$ 5.00 & 24,000 & \$ 20.00\end{array}$

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D

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Definitions:

Job Design

The process of organizing work into tasks and responsibilities to improve efficiency and employee satisfaction.

Organizational Goals

Objectives set by a business or organization aiming to guide its operations and determine its direction for future development.

Capabilities

The ability or qualities necessary to do something effectively; often refers to the capacities of organizations or individuals to achieve their objectives.

Job Enrichment

An effort to motivate employees by enhancing the responsibility, scope, and interest of their jobs.