According to One of the Top Management Consultants of the Past

question 284

Multiple Choice

According to one of the top management consultants of the past 40 years,the late Peter Drucker:

• A)top executives are entitled to any level of pay they can negotiate with their board of directors.
• B)the annual pay for top executives should include a small guaranteed salary and should include a very large bonus in years where the firm earns higher profits than competitors.
• C)all bonuses paid to CEOs should be tied to long-run increases in market share.
• D)CEOs should not earn much more than 20 times the earnings of the company's lowest-paid employee.

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Definitions:

Caste

A form of social stratification characterized by hereditary status, endogamy, and social barriers sanctioned by custom or law.

Meritocracy

A system in which advancement and rewards are allocated based on individual abilities and merits rather than on the basis of social status, wealth, or other external factors.

American Dream

The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility is possible for everyone.

Sociologists

Scholars or researchers who study social behavior, institutions, and structures from various perspectives within the field of sociology.