Which of the Following Statements Is FALSE

question 20

Multiple Choice

Which of the following statements is FALSE?

• A)One study found that during the 1990s firms with fewer restrictions on shareholder power performed worse than firms with more restrictions.
• B)Some large public pension funds,such as CalPERS (the California Public Employees Retirement System),take an activist role in corporate governance.
• C)In 2004 with the Walt Disney Company,major shareholders were dissatisfied with the recent performance of Disney under long-time CEO and Chairman,Michael Eisner.They began an organized campaign to convince the majority of Disney shareholders to withhold their approval of the reelection of Eisner as director and chairman of the board.
• D)Given the importance of shareholder action in corporate governance,researchers and large investors alike have become increasingly interested in measuring the balance of power between shareholders and managers in a firm.

---

Definitions:

Friendships

Relationships based on mutual trust, affection, and support between two or more people.

Close

To shut something or bring to an end; it can also refer to the physical proximity or the relationship closeness between individuals.

Ambivalent

Having mixed feelings or contradictory ideas about something or someone.

Adult Children

Individuals who are legally adults but may be dependent on their parents emotionally or financially, often in the context of discussing familial relationships.