Which of the following correctly describes the Dutch auction method of share repurchase?
a. The firm conducts open-market purchases.
b. The firm specifies a price and a quantity of shares that it will repurchase.
c. The firm auctions shares to the highest bidder, as long as that bidder meets the firm's reservation price.
d. The firm establishes an acceptable range of prices, solicits and collects sell offers, calculates the average price of these offers, and this average price is applied to all tendered shares.
D
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Erika has an upcoming meeting with Maggie, a prospective client. John, Erika's senior manager, tells her to observe Maggie's body language to determine whether the firm can expect business from her. To gauge Maggie's interest in the conversation, he tells Erika to observe whether she leans forward while listening. Which of the following forms of nonverbal communication is John referring to for gauging the outcome of the conversation between Erika and Maggie?
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