Which of the Following Statements Is FALSE

question 13

Multiple Choice

Which of the following statements is FALSE?

• A)Recently,shareholders have started organizing "no" votes.That is,when they are dissatisfied with a board,they simply refuse to vote to approve the slate of nominees for the board.
• B)One early study of proxy contests found that the announcement of a contest increased firm stock price by 8% on average,even if the challenge was eventually unsuccessful and the incumbents won reelection.
• C)Shareholders' only real role in governance is in electing the directors of the company.
• D)Perhaps the most extreme form of direct action that disgruntled shareholders can take is to hold a proxy contest and introduce a rival slate of directors for election to the board.

Identify the causes and implications of shifts and shapes in the production possibilities frontier.

Distinguish between efficient, inefficient, and infeasible production levels.

Understand the impact of unemployment and economic growth on an economy's production capabilities.

Differentiate between positive and normative statements and their roles in economics.

---

Definitions:

Information Technology

The use of computers, networks, and other electronic devices to store, process, and exchange electronic data and information.

Process Costing

An accounting methodology used for uniform and continuous production, assigning costs based on the process or stages goods go through.

Direct Materials

Raw materials that can be directly attributed to the production of specific goods.

Assembly Department

A section of a manufacturing facility where components are put together to form a finished product.