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Multiple transactions to the same vendor on the same day when the combined total of the orders exceed the Purchasing Card transaction limit of $2,500 is considered splitting purchase transactions. Whether the action is intentional or not, it is a violation of the SC Procurement Code.
A: When a stock splits is shares, it's the financial version of slicing a pie into more slices. If you own 100 shares of a $20 stock, you own $2,000 worth of the company.