Linda owns and runs her own firm. She also serves on the boards of several companies. Although she does not work for these companies, she attends board meetings, analyzes information, and tries to act in the best interests of their shareholders. Linda is an example of an outside director.
Answer the following statement true (T) or false (F)
True
Outside directors are not employees of the firm. They frequently are senior executives from other firms or full-time professionals. Outside directors are appointed to a board and serve on several boards simultaneously. Given their independence, they are more likely to watch out for the interests of shareholders.
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FlyFar Airlines uses marketing research to determine customer needs and assess how well the company meets them. This suggests that FlyFar managers exhibit
A. social responsibility. B. separation of information. C. a production orientation. D. a marketing orientation. E. the innovation concept.
Based on the free cash flow valuation model, the value of Weidner Co.'s operations is $1,200 million. The company's balance sheet shows $80 million in accounts receivable, $60 million in inventory, and $100 million in short-term investments that are unrelated to operations. The balance sheet also shows $90 million in accounts payable, $120 million in notes payable, $300 million in long-term debt, $50 million in preferred stock, $180 million in retained earnings, and $800 million in total common equity. If Weidner has 30 million shares of stock outstanding, what is the best estimate of the stock's price per share?
A. $24.90 B. $27.67 C. $30.43 D. $33.48 E. $36.82
The task of managing working capital accounts in multinational corporations is far simpler than in purely domestic firms because domestic firms are not affected by different languages, different cultures, different political environments, different economic conditions, and so forth.
Answer the following statement true (T) or false (F)
What is the purpose of controls? Describe any three types of control systems
What will be an ideal response?