A golden parachute is a prearranged contract with managers specifying that in the event of a hostile takeover, the target firm's managers will be paid a significant severance package.
Answer the following statement true (T) or false (F)
True
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Which of the following legislations makes it a criminal offense to willfully make any untrue statement of material fact in a registration statement filed with the SEC?
A) Section 24 of the Securities Act of 1933 B) Tax Reform Act of 1976 C) Private Securities Litigation Reform Act of 1995 D) Section 10(b) of the Securities Exchange Act of 1934
Considering managers’ roles with new employees, a manager who spends time in training, introductions, and follow-up will likely have a team of employees who:
a. frequently complain about the boss b. frequently complain about colleagues c. respect the manager and stay employed longer d. slack off of job responsibilities
The best way for a company to survive in the current marketplace is to raise prices and target only those customers who can afford to pay them.
Answer the following statement true (T) or false (F)
Brock Morton has a fast-food franchise and must pay a franchise fee of $45,000 plus 4% of gross sales. In terms of cost behavior, the fee is known as a:
A. step-fixed cost. B. curvilinear cost. C. semivariable cost. D. fixed cost. E. variable cost.