Which one of the following statements is TRUE?
A. An outside director is a board member who has no other affiliation with the company.
B. A classified board is one in which an announcement requesting applications for board members appears in the newspaper.
C. In a classified board, it is easier for dissidents to gain representation since fewer seats are up for election each year.
D. Inside directors are more concerned with shareholders' interests since they are more closely concerned with firm operations.
E. Since outside directors have no other connection with the firm, they are indebted to the CEO for putting them on the board
Answer: A
You might also like to view...
Amy stopped by the grocery store to pick up a gallon of milk. As she was waiting to check out she noticed that Soap Opera Digest had an interesting story about one of her favorite characters. As Amy is a huge fan of the long running soap, she had to buy a copy. In this example, the Soap Opera Digest is an example of a(n) _____ product.
A. specialty B. convenience C. business D. shopping E. unsought
All state supreme court judges are elected
a. True b. False Indicate whether the statement is true or false
To avoid paying a 10% penalty from a retirement plan people should:
A) wait until they are 55 1/2 before they withdraw. B) choose a Roth IRA and only withdraw what they have invested. C) choose a Traditional IRA and only withdraw what they have invested. D) only withdraw from their 401(k) since there is no penalty for early withdrawal. E) there is no penalty for withdrawing from a retirement plan, only taxes.
Dave's Stove-Top Popcorn currently has three full-time employees who are each paid $1,500 per month. An employee can only work a maximum of 100 hours per month because production normally takes place at night. They do receive $1,500 even if they do not work 100 hours, however. Part-time employees can be hired at a cost of $25 per hour. Dave's Stove-Top Popcorn has forecasted that demand for the next six months will be as follows:
 figure 1.png)