Engines, Inc

question 23

Multiple Choice

Engines, Inc.declares a 4-for-10 stock split.The stock currently sells for $3 a share.A shareholder who owned 1000 shares of stock prior to the split will now own

• A)400 shares valued at about $7.50 a share.
• B)40 shares valued at about $1.20 a share.
• C)250 shares valued at about $7.50 a share.
• D)250 shares valued at about $1.20 a share.

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Definitions:

Increased Efficiency

An improvement in the ability to produce more output with the same amount of input or less.

Shared Values

Core beliefs or standards that are commonly held and guide an organization's or group's actions and decisions.

Public Interest

Concerns of the public as a whole, representing the welfare and rights of the community in general.

Aggregation

The process of combining or collecting individual units, items, or data points to form a sum or a whole.