Which of the basic shareholder rights do preferred stockholders normally give up?
A. The right to receive cash dividends
B. The right to vote on corporate governance issues
C. The right to sell their stock on the open market (e.g. NYSE, NASDAQ, etc)
D. The right to receive cash in the event of a liquidation of the business
Ans: B. The right to vote on corporate governance issues
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Which of the following is most likely to reduce the pressure on managers to violate their personal ethics?
A. Making managers work away from their ordinary social context and supporting culture B. Keeping managers psychologically and geographically close to the parent company C. Pressuring managers to meet unrealistic business goals D. Adopting an organizational culture which emphasizes that all decisions should be purely economic E. Pressuring managers to shun the concept of noblesse oblige
One of the goals of federal bankruptcy law is to give debtors a chance at a fresh start financially
Indicate whether the statement is true or false