Describe the conditions that would exist if a company is said to be experiencing entrenched management and the disadvantages of this type of management structure.
What will be an ideal response?
A chief executive officer (CEO) who is also a member of the board of directors may be influential in choosing other board members. The CEO may also be in a position to reward loyal board members. As a result, board members may be reluctant to fire the CEO or other top executives even if the individuals are performing poorly. Corporations operating under such conditions are said to be experiencing entrenched management.
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Companies that use the Internet for direct marketing are required by law to post their privacy policies on their Web sites
Indicate whether the statement is true or false
Balance sheets based on U.S. GAAP and IFRS omit some items and measure others with bias, relative to measurements based on current economic conditions
Indicate whether the statement is true or false
According to the Pew Research Center, approximately _____ out of every ten Americans are connecting with one another via social media sites.
A. three B. five C. seven D. nine
FICA taxes include two components, which consist of
A) accident and disability insurance. B) unemployment compensation and disability insurance. C) Social Security and Medicare contributions. D) old age and unemployment compensation.