Changes in Board of Director Configurations Since 1987 Indicate That

question 115

True/False

Changes in board of director configurations since 1987 indicate that board directors were paid more in 2011, were older, were more often female, and were independent from the company (not insiders).

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Definitions:

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Producer Surplus

The discrepancy between the price at which producers are inclined to sell a product and the actual price they get, frequently viewed as an indicator of the well-being of producers.

Tax

A mandatory monetary fee or a different kind of tax placed on an individual or entity by a government agency.

Producer Surplus

The gap between the minimum amount that sellers are prepared to accept for a product or service and the higher price they actually get.