Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders?
A. Decrease the use of restrictive covenants in bond agreements.
B. Take actions that reduce the possibility of a hostile takeover.
C. Elect a board of directors that allows managers greater freedom of action.
D. Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries.
E. Eliminate a requirement that members of the board of directors have a substantial investment in the firm's stock.
Answer: D
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Adaptive selling describes the salesperson's ability to adjust and modify their behaviors to better align with their customers' needs.
Answer the following statement true (T) or false (F)
The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for the year were destroyed. The following accounting data for the year were recovered:
The company bases its manufacturing overhead allocation on the number of direct labor hours. What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent.)
A) $35.09
B) $1.86
C) $29.58
D) $62.71
Which ethical driver lays the foundation for any ethical change effort?
A. ethical diagnosis B. engaged leadership C. ethics training D. targeted socialization processes
Departmental contribution to overhead is the amount of sales for that department, less its direct expenses.
Answer the following statement true (T) or false (F)