TABLE 4-9 A Survey Conducted by the Segal Company of New York

question 5

Short Answer

TABLE 4-9
A survey conducted by the Segal Company of New York found that in a sample of 189 large companies, 40 offered stock options to their board members as part of their non-cash compensation packages. For small- to mid-sized companies, 43 of the 180 surveyed indicated that they offer stock options as part of their noncash compensation packages to their board members.
-Referring to Table 4-9, if a company is selected at random, what is the probability that the company is small to mid-sized and did not offer stock options to their board members?

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Definitions:

Grievance Procedures

Structured processes through which employees can officially report, address, and resolve complaints or disputes in the workplace.

Bureaucratic Model

A system of administration that operates through a fixed set of rules and procedures, often used in large organizations to ensure consistency and control.

Quasi-judicial Grievance Procedures

These are formal processes used within organizations to resolve disputes between employees and employers, mimicking judicial proceedings.

Flexibility

Flexibility in the workplace refers to the adaptability of work arrangements, such as schedules and tasks, to accommodate both business needs and employees’ personal lives.