Nevada Corporation has 30,000 shares of $25 par stock outstanding that has a current market value of $120 . If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be
a. 60,000
b. 6,000
c. 150,000
d. 15,000
c
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A BHAG largely characterizes what ______ is all about.
a. power b. mission c. vision d. charisma
Which of the following is the best example of nationalization?
A) In 1940, the city of New York purchased the bankrupt Brooklyn-Manhattan Transit rail lines. B) In 1979, Great Britain made a partial sale of British Petroleum to private investors. C) A private company contracts to manage all of a city's waste management. D) A country's economic policy calls for a balance of trade. E) A developing country receives a loan from the International Monetary Fund.
Which of the following manufacturing costs is an indirect cost of producing a product?
A) Oil lubricants used for factory machinery B) Commissions for sales personnel C) Hourly wages of an assembly worker D) Memory chips for a microcomputer manufacturer
The doctrine of ________ allows the court to order an oral contract for the sale of land or transfer of another interest in real property to be specifically performed if it has been partially performed and performance is necessary to avoid injustice.
A. part performance B. undue performance C. equitable performance D. promissory estoppel