Answer: Discretion
Explanation: In simple words, discretion refers to the freedom that an individual get to make decisions that might affect him or her. In business sense, it refers to the freedom of performing the job without any monitoring or interfere from the seniors.
In the given case, the company did not interfere with the job of Herb and followed his instructions even though it sounded crazy at first.
Hence we can conclude that the leadership gave herb high degree of discretion.
Answer:
b) $10.000
Explanation:
In order to find the total preferred stock dividend we need to have the rate of the dividend, the par value of the preferred stock and the number of preferred stocks. In this question we are given the rate of the dividend of preferred stock which is 5%, we are also given the par value of the preferred stock which is $10 and we are also given the total number of preferred stock which is 20,000.
To find out how much dividend was distributed to preferred shareholders we need to use the formula
Rate of dividend*par value of stock * number of preferred shares
0.05*10*20,000= 10,000
It’s C. because it’s true
