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

question 115

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 offered stock options to their board members?

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Definitions:

Joint Business Activities

Collaborative enterprises undertaken by two or more partners to achieve specific commercial objectives.

Legal Performance

The fulfillment of contractual obligations or duties as required by law.

Mutual Acquaintances

Individuals known by two or more parties, often serving as a social or professional link between them.

Debt

Money that is owed or due to be paid to someone else.