Which of the Following Actions Would Be Likely to Reduce

question 23

Multiple Choice

Which of the following actions would be likely to reduce potential conflicts of interest between stockholders and managers?

• A) Congress passes a law that severely restricts hostile takeovers.
• B) A firm's compensation system is changed so that managers receive larger cash salaries but fewer long-term options to buy stock.
• C) The company changes the way executive stock options are handled,with all options vesting after 2 years rather than having 20% of the options awarded vest every 2 years over a 10-year period.
• D) The company's outside auditing firm is given a lucrative year-by-year consulting contract with the company.
• E) The composition of the board of directors is changed from all inside directors to all outside directors,and the directors are compensated with stock rather than cash.

Discuss the relevance of job analyses in contemporary work environments affected by technology, global competition, and organizational change.

Understand the legalities and requirements of job analysis in unionized contexts.

Comprehend the significance of job analysis for legal compliance and setting performance standards.

Recognize the need for updating job descriptions to reflect changes in job demands and environments.

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Definitions:

Identical Products

Products that are the same in every aspect, often referred to in economics to describe goods that have no differentiation in the eyes of consumers.

ATC

ATC can refer to Air Traffic Control, a service provided to ensure the safe, orderly, and expeditious flow of air traffic in the sky and at airports.

MC

MC stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.

Peak Efficiency

The maximum operational efficiency that a process, system, or organization can achieve under ideal conditions.