Which of the following statements is FALSE?
A) A board is said to be classified when its monitoring duties have been compromised by connections or perceived loyalties to management.
B) Even the most active independent directors spend only one or two days per month on firm business, and many independent directors sit on multiple boards, further dividing their attention.
C) On a board composed of insider, gray, and independent directors, the role of the independent director is really that of a watchdog.
D) Because independent directors' personal wealth is likely to be less sensitive to performance than that of insider and gray directors, they have less incentive to closely monitor the firm.
A
Explanation: A) A board is said to be captured when its monitoring duties have been compromised by connections or perceived loyalties to management.
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Which of the following types of retail stores would likely offer the broadest assortment of merchandise and services?
A) convenience stores B) factory outlet stores C) specialty stores D) box stores E) hypermarkets
When Kelly sees value in a product but does not want to pay the suggested price, she often offers to split the price difference with the seller. If a salesperson finds Kelly's offer unacceptable, the salesperson should most likely:
A) agree to split the difference B) make a pricing counteroffer C) provide a trial demonstration D) walk away from the negotiations E) show sourcing documents as proof