The chief duties/responsibilities of a company's board of directors, with respect to strategy-making and strategy execution, are not concerned with
A. being inquiring critics and exercising strong oversight over the company's direction, strategy, and business approaches.
B. evaluating the caliber of senior executives' strategy-making/strategy-executing skills.
C. instituting a compensation plan for top executives that rewards them for actions and results that serve stakeholders' interests, most especially those of shareholders.
D. overseeing the company's financial accounting and financial reporting practices.
E. hiring and firing senior-level executives and working with the company's chief strategic planning officer to improve the company's strategy when performance comes up short of expectations.
Answer: E
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Calculate a business's return on sales when it makes a net profit of $500,000 from sales of $3 million
A) 60% B) 16.7% C) 30.5% D) 50.5% E) 24.8%
Microsoft's gaming console is marketed to the gaming community predominantly composed of
teenagers and college kids. Nintendo's gaming console, however, is intended for use by entire families, from grandparents to school-going children. Therefore, Nintendo and Microsoft are said to belong to different ________. A) markets B) categories C) standards D) industries
The equal dignity rule requires the parties to a transaction to treat each other with equal dignity.
Answer the following statement true (T) or false (F)
Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, so they claim a total of 4 exemptions ($4,050 for each exemption). In addition, they have legitimate itemized deductions totaling $25,750. Their total income from wages is $213,900. Assume the following tax table is applicable: ? Married Couples Filing Joint Returns ? ? If Your Taxable Income Is You Pay This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base Average Tax Rate at Top of Bracket Up to $18,650 $0.0010.0%10.0%$18,650-$75,900 1,865.0015.0 13.8 $75,900-$153,100 10,452.5025.0 19.4 $153,100-$233,350 29,752.5028.0 22.4 $233,350-$416,700
52,222.5033.0 27.1 $416,700-$470,700 112,728.0035.0 28.0 Over $470,700 131,628.0039.6 39.6 ? What is their marginal tax rate? ? A. 33.0% B. 35.0% C. 10.0% D. 28.0% E. 15.0%