Question

Which of the following describes the type of management structure that is in place when board...

Which of the following describes the type of management structure that is in place when board members are reluctant to fire an incompetent chief executive officer?

Corporate Management

Closely Held Corporation

Entrenched Management

Limited Liability Corporation

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
The Management structure used by corporation is generally effective, it
sometimes complicates dismissing incompetent managers. The CEO is usually
a member of the board of directors and is frequently influential in choosing
other board members. The CEO is also a positive to reward loyal board members
As a result, board members may be reluctant to fire the CEO or other top
executives even if the individuals are performing poorly. Corporation operating such
conditions are said to be experiencing Entrenched Management.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following accurately describes an executive director of a company? Regarded as being more...
Which of the following accurately describes an executive director of a company? Regarded as being more independent with respect to the audit May be more likely to cover up problems than a non-executive member Have little responsibility for the operations of the company Employees of the company who are also board members
Which of the following is not a characteristic of a Board of Directors that usually leads...
Which of the following is not a characteristic of a Board of Directors that usually leads to effective corporate governance.    Board members are compensated appropriately (not too high, and some compensation is linked to company’s performance). The board has a majority of inside management who have a deep understanding of the company. The board is not too large. The CEO is not also the chairman of the board and does not have undue influence over the nominating committee None of...
Which of the following is not a characteristic for a corporation? Select one: a. Limited liability...
Which of the following is not a characteristic for a corporation? Select one: a. Limited liability b. Easy to transfer ownership c. All of the above are characteristics of a corporation d. Corporate management e. Fewer government regulations
In which of the following entities will all persons who participate in management be protected from...
In which of the following entities will all persons who participate in management be protected from liability beyond their investment? 1. C corporation. 2. S corporation. 3. Limited liability company. 4. Limited partnership. Select one: a. 1 only. b. 2 and 3. c. 1 and 4. d. 1, 2, and 3.
1.
Under which of the following circumstances would a disclaimer of opinion be appropriate? A) The...
1.
Under which of the following circumstances would a disclaimer of opinion be appropriate? A) The auditor believes management’s estimates of the useful lives of key assets are unreasonable, but management refuses to change the estimates. B) Management does not provide reasonable justification for a change in accounting principles. C) The chief executive officer is unwilling to sign the management representation letter. D) The auditor believes, with evidence, that the chief executive officer has committed material fraud. 2.The auditor is...
Which of the following is true? a. the limited liability of stockholders under the corporate business...
Which of the following is true? a. the limited liability of stockholders under the corporate business structure makes it easier to raise equity capital. b. when employees also own a business, their incentive to shirk is removed. c. under the corporate form of business organization, the owners of the firm are personally liable for its debts. d. under the partnership form of business organization, the owners are not personally liable for the debts of the business.
True or False 1.       The “future value” technique uses a process called “discounting” to calculate the...
True or False 1.       The “future value” technique uses a process called “discounting” to calculate the future value of each cash flow at the end of an investment’s life. 2.       An “annuity due” will always have a greater value than an otherwise equivalent “ordinary annuity,” because interest will compound for an additional time period on the “annuity due.” 3.       Compounding interest more frequently than once per year results in a higher “effective annual rate” (EAR) for an investor. 4.       When...
1.) The basic rules governing how a corporation is organized and how it conducts its business...
1.) The basic rules governing how a corporation is organized and how it conducts its business are known as _____. a. certificates of organization b. corporate bylaws c. prospectuses d. articles of incorporation 2.) A _____ is a legal business entity that offers limited liability to all of its owners. a. Limited partnership b. General partnership c. Sole proprietorship d. C corporation 3.) How is the formation of limited liability companies (LLCs) similar to the formation of corporations? a. Similar...
Which of the following statements best describes how resonance forms relate to the actual structure of...
Which of the following statements best describes how resonance forms relate to the actual structure of a molecule or ion? 1- The actual form of a molecule or ion will be a hybrid or averaging of the different relevant resonance forms 2-Molecules and ions with resonance forms will rapidly interconvert between their relevant resonance structures. 3-When a molecule or ion has several relevant resonance structures the forms do not interconvert, but some fraction of all the molecule/ion will be in...
1. Which of the following is true of apparent authority? A. It arises when an agent...
1. Which of the following is true of apparent authority? A. It arises when an agent falsely claims to be acting under the authority of a principal. B. It requires express authorization, in words or writing, from the principal to the agent. C. It arises when the principal leads a third party to reasonably believe that an agent is authorized to act for the principal. D. It can only arise when the principal owes the agent a fiduciary duty. 2....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT