Corporate managers work for the owners of the corporation. Consequently, they should make decisions that are in the best interests of the owners, rather than in their self-interests
What strategies are available to shareholders to help ensure that managers are motivated to make decisions in the interest of shareholders?
Generally speaking shareholders may use the "carrot" of performance-based compensation such as bonuses or stock options whereby good performance by the firm results in higher compensation for managers. Stockholders also may use the "stick" of board of director oversight to monitor managers to make sure they are optimally fulfilling their responsibilities. There is also the market for corporate control where well-capitalized stockholders may take control of what they view as under-valued firms. Such outside forces should "encourage" managers to maximize firm value.
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In the 4Ps of the marketing mix, promotion refers solely to advertising
Indicate whether the statement is true or false
Jenny is interested in going to a conference to learn new computer skills that can be applied to her job. She knows the conference is expensive, and in her former job, the expense would not have been covered, so she is hesitant to ask. She watches another employee ask to go to a conference to see how she might word it in the future to get her boss’s approval. What type of information-seeking strategy is she using?
a. testing b. third-party c. observing d. surveillance
The Administrative Procedure Act A)applies to all federal agencies
B)applies to executive branch agencies but not to independent agencies. C)applies to independent agencies but not to executive branch agencies. D)does not apply to federal agencies.
When an Accounts Payable department improves their information system resulting in faster payments to vendors, without the Accounts Receivable Department doing the same, leading to a cash flow crunch, what can we say happened in decision-theoretic
terms? A) optimization B) profit minimization C) suboptimization D) cash flow problems