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QUESTION 15 Major stock exchanges (n.g. NASDAQ) often require firms to have boar

ID: 435638 • Letter: Q

Question

QUESTION 15 Major stock exchanges (n.g. NASDAQ) often require firms to have boards of directors with a majprity of O a executive O b. outside c, inside O d gray QUESTION 16 A stock option is a right to buy: O a. shares &f; the company's stock at the stock's current price. O b. shares of the company's stock at half the stock's current price. O c. shares of the company's stock at a predetermined price at some point in the future. O d. bonds issued by the company. QUESTION 17 A circumstance in which a manager is using company funds for his or her own personal consumption is called O a. information manipulation O b. takeover constraint O c. self-dealing O d. greenmail . to save all answers Sqve and Submit to save and submit. Click Save All Answers

Explanation / Answer

16) A stock option is the right to buy the shares of the company stock at a predestined price at some point in future

17) Managers using company funds for their own personal consumption is called self-dealing. Here the manager acts in his own interests rather than in the interests of the beneficiaries of the trust, corporate shareholders, or his clients.

18) Bills’ type of decision making is amoral in this case as there is no clear consensus on the good or bad of your action in society.

19) Utilitarianism which is attempting to do the greatest good for the greatest number of people

20) Poor moralizer as he could not Comment on issues of right and wrong or as give lessons on good and bad character and conduct.

21) Organizational culture is the norms and value system that are shared among the employees of an organization

15) Outside independent directors

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