In considering the financial history of the transcontinental railroads, the text argues that:
a. there was surprisingly little corruption given the corruption in other walks of life at the time.
b. there was surprisingly little corruption, mostly involving the buying off of federal regulators when rate controls became unreasonable.
c. there was a great deal of corruption, mostly in the form of
high fees chargedimmigrants for what was really free federal land.
d. there was a great deal of corruption, mostly because construction companies were run by insiders.
d. there was a great deal of corruption, mostly because construction companies were run by insiders.
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If a corporation fails, the last recipients of funds that may remain are
A) preferred stockholders. B) common stockholders. C) bond holders. D) government tax collectors.
The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise b. it is difficult for employees to share information across positions within a division c. employee evaluation is hampered by managers having different skill sets than workers d. coordination across divisions is essential and is a burden on management