Describe the people who govern a corporation.
What will be an ideal response?
The stockholders are the corporation's owners. In a small company, one or a few people may own most of the stock and therefore be able to control it. In a large corporation, however, holders of as little as 10 percent may be able to control the company. Often, the founders have the controlling interest and can pick the people to be on the board of directors.
The board of directors represents the stockholders in managing the company. Board members can help set goals and plan marketing, production, and financing strategies.
While their titles and duties vary, corporate officers usually include the chairman, president, secretary, and treasurer. Within limits set by stockholders and the board, these officers direct the day-to-day operations of the business. As the business grows, others are often added to constitute an executive committee, which performs this function.
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When you strongly care only about the outcome, and not about the relationship-you should forego the agent and negotiate for yourself.
Answer the following statement true (T) or false (F)
A strain resulting in high blood pressure, coronary heart disease, high cholesterol, stomach ulcers, or compromised immune system is known as a ______ strain.
A. physiological B. behavioral C. psychological D. stress response
Tom owns a hardware store at which he sells power tools. He sells a cordless drill to Victor who
takes it home and is injured when he uses it, because the drill is defective. Victor can sue Tom for a breach of the implied warranty of merchantability. Indicate whether the statement is true or false
Your uncle has $260,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?
A. 9.59 B. 11.98 C. 13.90 D. 14.26 E. 12.58