Most companies now design their compensation discussions to satisfy regulators rather than as a communication to the average shareholder.

What is the current yield of a bond with a 7% coupon, 3 years until maturity, and a price of $690?

a. 16.84% b. 10.14% c. 14.00% d. 7.00%

Highly decentralized organizations:

A) allow critical decisions to be made by those who have "the big picture." B) promote opportunities for decisions to be made by people closest to the situation. C) are more efficient when they deal with simple tasks. D) eliminate the additional responsibility of decision-making for those who don't want it.