The balance sheet of Werther Company showed the following data about its common stock, par $1: authorized shares, 10,000,000; outstanding shares, 4,300,000; and issued shares 4,700,000. Therefore, the number of treasury stock shares was

A. 0.
B. 4,700,000.
C. 4,300,000.
D. 400,000.

Ans: D. 400,000.

Business

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Jack Welch, retired CEO of GE, has been identified as a transformational leader. Why?

A) He was able to achieve great things through others. B) He had a charismatic personality that drew others to him. C) He used a perfect match of reward and coercive power to get things done. D) He had a vision and inspired others to implement that vision.

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