BMW's acquisition of the British automaker Rover provides BMW with instant entry into the growing sport-utility vehicle market with the legendary Range Rover line. BMW's purchase is an attempt to widen its product mix.
Answer the following statement true (T) or false (F)
True
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The objectives identified in an organization's values statement must be objective in nature
Indicate whether the statement is true or false
The board of directors of Wireless, Inc is considering two compensation plans for the CEO of the company. The
first would pay the CEO a salary of $250,000 for the upcoming year. The second would pay the CEO a salary of $100,000 and provide the CEO with a stock option to buy 100,000 shares of stock for $11 per share. The current price per share of Wireless, Inc stock is $10 per share. The stock option expires at the end of the year. Why might shareholders prefer the second payment plan? As part of your answer, calculate the break-even point for the CEO to obtain the same compensation under option two as he or she would under option one.
All of the following statements accurately describe Special Purpose Entities (SPEs) except for:
A. Among other things, SPEs are used for asset securitization, risk sharing and taking advantage of tax statues. B. SPEs are corporations, trusts or partnerships created for a single specified purpose. C. A variable interest entity (VIE) is a type of SPE with a limited number of equity investors. D. SPEs usually have no substantive operations and are often used for financing operations.
Last season, the local football team won 8 games and lost 2 and tied 1. What percent of the games did they win? (Round to the nearest whole percent)