An Executive Perquisite That Protects Executives in the Event That

question 124

Multiple Choice

An executive perquisite that protects executives in the event that the executive is forced to leave the firm is known as a ________.

• A) golden parachute contract
• B) stock option plan
• C) Scanlon plan
• D) spot bonus

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Definitions:

Profit Sharing

A company policy wherein employees receive a share of the profits of the business, which serves as a motivation and reward for their performance.

Cartel Output

The total production level agreed upon by members of a cartel, aimed at maximizing their collective profits by controlling supply.

Demand Schedule

A table or graph displaying the quantity of a good or service that consumers are willing and able to purchase at various price points within a given time frame.

Collude

To agree secretly among competitors to fix prices, bids, or terms of sale in order to manipulate a market.