A Situation Where Every Director Serves a Three-Year Term and the Terms

question 4

Multiple Choice

A situation where every director serves a three-year term and the terms are staggered so that only one-third of the directors are up for election each year is called a:

• A)white knight.
• B)classified board.
• C)poison pill.
• D)golden parachute.
• E)recapitalization.

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Definitions:

Leadership Behavior

Actions and attitudes exhibited by leaders to influence and guide their team or organization towards its goals.

Social Laws

Rules or regulations designed to govern behavior within a society, aiming to maintain order and protect citizens' rights and welfare.

Contingent Reward

A form of motivation dependent upon the achievement of a certain condition or set of criteria.

Organizational Commitment

A psychological state that characterizes an employee's relationship with their organization, reflecting their loyalty and willingness to remain part of it.