Regarding the separation of corporate ownership and management, which of the following is a true statement?
A) The corporate officers elect the board of directors.
B) The corporation runs better with day-to-day input from stockholders.
C) None of the stockholders have the ability to manage the business of the corporation.
D) Stockholders own the business, but a board of directors appoints corporate officers to manage the business.
D
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Daniel teaches sixth grade at a local elementary school. He significantly increased his salary by earning a master's degree in education. This is an example of ________.
A. pay for performance B. profit sharing C. a bonus D. pay for knowledge or skill-based pay E. gainsharing
Gutter Guys is a gutter installation company in Southern California that used to generate most of its sales through telemarketing but now uses direct mail to reach prospective customers. Which of the following most likely explains the reason that Gutter Guys switched from telemarketing to direct mail?
A) Federal Trade Commission's Anti-Spam Act B) Privacy Promise to American Consumers C) California Online Privacy Protection Act D) Children's Online Privacy Protection Act E) National Do Not Call Registry