Carolyn, a manager, discusses and reasons with the Board of Directors of her company until they agree to let her try her new strategic plan for a trial period. Carolyn is using _____ in the given situation.

A company has 1 million shares outstanding and earnings are d2 million. The company decides to use d10 million in idle cash to repurchase shares in the open market. The Chapter 6 Dividends and Share Repurchases: Basics 53 part-i-06 13 January 2012; 10:20:27 company’s shares are trading at d50 per share. If the company uses the entire d10 million of idle cash to repurchase shares at the market price, the company’s earnings per share will be closest to:

a. £2.00. b. £2.30. c. £2.50.

Which of the following is NOT a remedy given by the Sale of Goods Act to an unpaid

seller? A) The right to reclaim possession of the goods while still in transit. B) A right to seize the goods C) The right to delay delivery of the goods until payment has been made. D) A right to sue the purchaser for the purchase price E) The right to retain any deposit received from the purchaser