The board of directors is a group that has a ________ duty to ensure that the company is run consistently with ________ interests of the owners, or shareholders of a corporation and that acts as an ________ between the shareholders and management.
A. formal; short-term; advisor
B. legal; short-term; intermediary
C. sworn; long-term; advisor
D. fiduciary; long-term; intermediary
Answer: D
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Return on equity is calculated by:
A. subtracting liabilities from assets. B. adding the book value and the market price of a stock. C. dividing net income by shareholders’ equity. D. multiplying assets by a selected number. E. deducting taxes from dividends.
In a society that values individual freedom, everything that is legal is ethically right and everything that is ethically wrong is illegal.
Answer the following statement true (T) or false (F)
Which regulating distress behavior maintains that it is the leader’s responsibility to manage the rate of adaptive change for people?
A. providing direction B. conflict management C. protection D. orientation
The net fixed assets of Auburn Media Ltd. is $850 million. The sales of the firm is $1,420 million. The firm's fixed assets turnover ratio is:
A. ?1.35 times. B. ?2.42 times. C. ?1.67 times. D. ?2.8 times. E. ?3.45 times.