Andrew Flint Is the CEO of a Small,publicly Held Company

question 8

Multiple Choice

Andrew Flint is the CEO of a small,publicly held company based in Idaho Falls,Idaho.Flint earned $76,000 last year as CEO.Investors in Flint's firm are earning nearly 15 percent on their shares.Flint has learned that the SEC is considering a proposed rule mandating salary studies for all publicly held firms.Flint has priced such studies and has estimates ranging from $27,000 to $40,000.Flint would like the SEC to understand his firm's position.Which of the following statements is true?

• A)Flint will need to hire a lawyer to present evidence to the SEC.
• B)Flint can challenge the rule only after promulgation.
• C)Flint's challenge must be made in court.
• D)Flint can simply write to the SEC to voice his concerns.

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Definitions:

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and eventually to the customer.

Decision-making Framework

A structured approach or set of guidelines to navigate and systematically make decisions, often involving identifying options, analyzing consequences, and selecting the best course of action.

Four Major Drivers

Refers to the primary forces or factors that drive decision-making, strategy, and success in businesses or other organizations, though the specific drivers can vary by context.

Absentee Landlord

A property owner who does not live on-site or participate actively in managing their rental property.