Policies That Limit the Discretion of Managers as a Way

question 22

Multiple Choice

Policies that limit the discretion of managers as a way of protecting bondholders' interests are called

• A) restrictive covenants.
• B) debentures.
• C) sinking funds.
• D) bond indentures.

---

Definitions:

Masculine Culture

refers to a societal or organizational culture that values traditional masculine traits such as assertiveness, competitiveness, and dominance.

Expatriates

Individuals who live outside their native country, often for work reasons, and face unique challenges and opportunities.

Power Distance Cultures

Societies or organizations where there is acceptance of unequal distribution of power, authority, and status, often leading to hierarchical structures.

Cultural Intelligence

The capability to function and manage well in culturally diverse environments.