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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 randomly selected company is a large company, what is the probability that it offered stock options to their board members?
Retirement Account
A financial account designed specifically for savings for retirement, often offering tax advantages.
National Labor Relations Board
A federal agency established in the United States to enforce labor laws in relation to collective bargaining and unfair labor practices.
Unfair Labor Practices
Actions by employers or unions that violate the rights of employees as defined by labor laws or labor agreements.
Compulsory Arbitration
A form of arbitration where parties are forced to resolve disputes through an arbitrator or arbitration panel rather than the courts.
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