Due to Several Black Swan Events in the Past, the

question 24

Multiple Choice

Due to several black swan events in the past, the

• A) shareholders of public companies have become more confident in investing their resources in businesses.
• B) need for corporate governance and transparency has decreased within various industries.
• C) nations around the globe have explicitly appreciated and accepted capitalism as an economic system.
• D) implicit trust relationship between the corporate world and society at large has deteriorated.

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Definitions:

Business

Economic activities that involve providing goods or services with the motive of earning profit.

Salaried Staff

Employees who receive a fixed compensation regularly (usually monthly or biannually) regardless of the number of hours worked.

Bureaucracy

A structured organizational system characterized by fixed hierarchical levels, a focus on procedural correctness, and a division of responsibilities designed to streamline operations and decision-making.

Permanent

Lasting or intended to last or remain unchanged indefinitely.