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A Standing Plan That Communicates Broad Guidelines for Employees to Use

question 50

Multiple Choice

A standing plan that communicates broad guidelines for employees to use when taking decisions and actions is called a __________.


Definitions:

Publicly Traded Company

A company that is registered with the SEC and whose securities therefore may be sold to the general public.

Privately Held

A business ownership structure where the company's shares are not available for public trading on stock exchanges.

Greenmail

A strategy where a company buys back its shares from a potential acquirer at a premium to avoid a takeover bid.

Hostile Takeover

The acquisition of one company by another without approval from the target company's management.

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