FencePro, a local company, has developed an entirely new mounting system for chain link fences. After acquiring a distributor, FencePro now has the ability to market its products nationwide. FencePro is most likely following a ________ strategy

A) market penetration
B) market development
C) downsizing
D) product adaptation
E) product development

B

Business

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In which of the following cases will the agency problem between shareholders and managers be the

greatest? A) The Johnson family owns 50% of the common stock of the company. The other 50% is owned by 5 mutual funds. B) 100% of the common stock is owned by the founder of the company who decided to retire and hired a manager to run his business for him. C) The common stock of the company is owned by many diverse shareholders, with no shareholder owning more than 1% of the outstanding stock. D) All top managers in the company own significant amounts of stock and stock options.

Business

The final legal paper filed in an adoption proceeding is called the __ __________

Fill in the blank(s) with the appropriate word(s).

Business