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

question 57

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 randomly selected company is a large company, what is the probability that it offered stock options to their board members?

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Definitions:

Scientific Management

An early 20th-century theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Reorganization

The process of changing the structure, operations, or processes of an organization to improve efficiency, adapt to new conditions, or achieve specific goals.

Late 19th Century

The period from 1871 to 1900, marked by significant industrial, social, and political changes globally.

Social Darwinism

A theory that applies the concept of survival of the fittest to human societies, often used to justify political conservatism, imperialism, and racism.