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

question 20

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 noncash 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 is small to mid-sized and does not offer stock options to their board members?

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Definitions:

Advice and Consent

A constitutional mechanism in which a legislative body must approve certain actions or decisions made by the executive branch or its representatives.

Administrative Head

The Administrative Head is the lead official in charge of managing and overseeing the operations of an organization or department.

Substantive Rules

Regulations that establish rights and duties, as opposed to procedural rules which govern how those rights and duties are enforced.

Policy Expressions

Statements or declarations that outline the plans, rules, or guidelines adopted by an organization or government to direct actions and decisions.