Which of the following is a reason why managers act to maximize shareholder wealth in Anglo-American markets?
A) the use of stock options to align the goals of shareholders and managers
B) the market for corporate control that allows for outside takeover of the firm
C) performance based compensation for executive management
D) all of the above
Answer: D
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In April, Seller Company sells to a customer "on account." In May, Seller Company collects from the customer. Which one of the following statements is true regarding the entry Seller Company would make in May?
A) The entry would increase total revenues. B) The entry would increase total expenses. C) The entry would increase total liabilities. D) The entry would increase total assets. E) None of the above is correct
It is legal for settlement service provider A to pay settlement service provider B a portion of fees charged to a borrower only when:
a. Service provider B has performed bona fide services to earn the fee b. Both service providers have a written agreement in place to split fees c. The service providers are separate entities and not affiliated in any way d. The consumer is aware the service providers are splitting fees