According to Material in the Legal Briefcase Box in Chapter

question 341

Multiple Choice

According to material in the Legal Briefcase box in Chapter 12,when chief executives of large companies retire or get fired they:

• A)are legally required to forfeit any shares of stock they received as compensation from the firm.
• B)are sometimes better off financially than if they had stayed with the company.
• C)typically continue to receive their salary for about two years,but forgo any bonuses or other forms of compensation.
• D)usually receive more income from dividends on the company stock they own than they do from their severance package or retirement pension.

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Definitions:

Revenues

The total amount of money received by a company from its various activities, typically from sales of goods or services, before any expenses are subtracted.

Creativity

The capacity to generate unique and inventive concepts, or to create something innovative and imaginative.

Action Orientation

A proactive attitude that focuses on taking immediate and decisive steps towards achieving goals.

Serial Entrepreneurs

Individuals who continuously come up with new ideas and start new businesses, often moving from one venture to the next, typically experiencing various levels of success.