Under the common law, a tenant has to continue pay rent even after the destruction of a leased property.

a. true
b. false

Answer: a. true

Business

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Deming management proposed ideas for making organizations more responsive, more democratic, and __________

a. less wasteful b. more profitable c. better controlled d. smaller

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Which of the following occurs when the board of directors declares a 3-for-1 stock split on 20,000 outstanding shares of $25 par common stock?

A) The par value of the stock remains the same. B) The par value of the stock increases to $50 per share. C) The number of outstanding shares remains at 20,000. D) The number of outstanding shares increases to 60,000.

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