Which of the Following Statements Is False

question 19

Multiple Choice

Which of the following statements is false?

• A) One study found that firms with fewer restrictions on shareholder power performed worse than firms with more restrictions during the 1990s.
• B) Some large public pension funds, such as CalPERS (the California Public Employees Retirement System), take an activist role in corporate governance.
• C) In 2004 with the Walt Disney Company, major shareholders were dissatisfied with the recent performance of Disney under long-time CEO and Chairman, Michael Eisner. They began an organized campaign to convince the majority of Disney shareholders to withhold their approval of the reelection of Eisner as director and chairman of the board.
• D) Given the importance of shareholder action in corporate governance, researchers and large investors alike have become increasingly interested in measuring the balance of power between shareholders and managers in a firm.

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Definitions:

Semester

A half-year term used in academic institutions to divide the academic year, typically into two main periods of study.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through association with a primary reinforcer; also known as a secondary reinforcer.

T-Maze

A type of maze used in animal cognitive research, consisting of a choice point and two or more arms, typically to study learning, memory, or reward association.

Primary Reinforcer

An innately reinforcing stimulus, such as food or drink, which does not require learning to become pleasurable or desirable.