Reward power involves the potential to influence others due to one's control over desired resources.
Answer the following statement true (T) or false (F)
True
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In relation to the parts of the human resources management process, performance appraisal would fall under ______.
a. human resources planning b. attracting employees c. developing employees d. retaining employees
Firms use the par value method when management and the governing board do not intend to reissue shares within a reasonable amount of time or when jurisdiction-specific corporation laws define reacquired shares as retired shares
Indicate whether the statement is true or false
Successive purchasers of land will not be bound by a restrictive covenant endorsed on the title
Indicate whether the statement is true or false
Lerner had net income for 2016 of $104,000
Lerner had 32,000 shares of common stock outstanding at the beginning of the year and 48,000 shares of common stock outstanding at the end of the year. There were 5,000 shares of preferred stock outstanding all year. During 2016, Lerner declared and paid preferred dividends of $30,000. On December 31, 2106, the market price of Lerner's common stock is $30 per share and the market price of its preferred stock is $57 per share. What is Lerner's price/earnings ratio? (Round the answer to two decimal places.) A) 30.81 B) 11.54 C) 13.85 D) 16.22