Which one of the following statements is TRUE?
A. A manager not closing a factory that is losing money but which is in his hometown is an example of a manager-shareholder conflict.
B. Management is said to be entrenched when the senior managers are consuming excessive perquisites
C. A company's matching contribution to a retirement plan is a nonpecuniary benefit.
D. Company sponsorship of a local charity is an example of a nonpecuniary benefit.
E. A manager/shareholder agency conflict arises when shareholders sell their stock even though management says the stock is undervalued.
Answer: A
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Roger is the head of the insurance claims department. Roger works for longer hours than his subordinates, however, he is not paid overtime for working more than 40 hours per week. Under the FLSA, which statement justifies the organization's decision not to give Roger's overtime pay?
A. Roger is not a U.S. citizen. B. Roger has lower educational qualifications than his subordinates. C. Roger is considered as an exempt employee. D. Roger is unmarried. E. Roger comes from an economically strong background.
Welsh Corporation wants to issue debt of $525,000 to invest in a new project. Welsh is required to pay its investment banker 5 percent of the issue's total value. There are no other floatation costs. Compute the amount of debt that the firm must issue to net $525,000 after flotation costs.
A. $525,347 B. $552,632 C. $498,752 D. $551,257 E. $575,886
A contract between Recreational Games & Rides, Inc, and Summer Fair Corporation includes a provision excluding liability as a result of fraud. This provision is
a. enforceable because the parties are protected from liability. b. enforceable because the parties consented to it. c. enforceable if the parties have equal bargaining power. d. not enforceable.
Elements of ______ are passed on from generation to generation and from person to person.
A. culture B. ethnocentrism C. cultural diversity D. stereotyping