A Staggered Board

question 69

Multiple Choice

A staggered board

• A) increases the chances of a hostile takeover.
• B) has only a portion of the board stand for election each year.
• C) makes it easier for shareholders to curb a CEO's power.
• D) is seen in less than 50% of U.S. boards.
• E) all of the above

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Definitions:

Average-Total-Cost Curve

A curve that shows the average total cost of production at different levels of output, typically U-shaped due to economies and diseconomies of scale.

Average-Total-Cost Curve

A graphical representation showing how the average total cost of producing a good changes as the quantity produced changes.

Average-Fixed-Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Average-Variable-Cost

The total variable cost divided by the quantity of output produced.