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alexandr1967 [171]
3 years ago
10

In addition to an annual base salary of $1.3 million, Heather Bresch, CEO of Mylan Pharmaceuticals, also received 6.4 million US

D in other compensation. This included $19,200 for the use of a company car and $310,000 in personal use of the company jet. Which of the following statements is most true regarding this situation?
a. Top level managers always act in the shareholder interest.
b. Shareholders favor diversification.
c. Top level managers may pursue their own interests over that of the company.
d. Executives favor diversification.
Business
1 answer:
Viefleur [7K]3 years ago
6 0

Answer: C. Top level managers may pursue their own interests over that of the company.

Explanation:

The scenario given in the question explains that top level managers may pursue their own interests over that of the company.

In the case of sole proprietorship or partnership business, the revenue generated by the firm or the profit made belongs to the owners. In the case of of a Corporation, this isn't the case as the revenue should be used for Shareholders benefits. Sometimes, there may be a conflict of interest which may then bring about a situation whereby the top level managers pursue their own interests over that of the company.

Hence, the correct option is C.

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Adirondak Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rat
tamaranim1 [39]

Answer:

Predetermined manufacturing overhead rate= $14.77 per direct labor hour

Explanation:

Giving the following information:

Estimated overhead cost for the period= $325,000

Estimated total direct labor hours for the period= 22,000

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 325,000 / 22,000

Predetermined manufacturing overhead rate= $14.77 per direct labor hour

8 0
3 years ago
Bailey broker sponsors two sales agents: Jon and Jen. Horace has signed a buyer representation agreement with Bailey to have Bai
laila [671]

A sales agent/license holder is a general agent of a broker/license holder. Both the broker and the sales agent typically become special agents of any client/principal. A broker and his sponsored sales agents are not agents of the client until an actual expressed agency relationship has been established. Until then, Horace is a customer.

A man or woman agent is one that has passed through considered necessary schooling, exceeded an exam, and been duly certified by IRDA to promote coverage policies to the general public and offer after-income providers along with helping on the time of a declaration. His license may be for life insurance, general insurance, or each.

182. 'Agent' and 'essential' are described. An 'agent' is a person hired to do any act for every other or to symbolize some other in dealings with 0.33 person. The person for whom such act is done, or who's so represented, is referred to as the 'fundamental'.

Standard Agent- Agent appointed to do all acts referring to a selected job. Sub-Agent-An agent appointed by way of an agent. Co-Agent- sellers together appointed to do an act together. Dealer- An agent whose process is to create a contractual date between two events.

Learn more about the kind of agents here brainly.com/question/7284696

#SPJ4

8 0
2 years ago
When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2
Shkiper50 [21]

Answer:

Credit, $60,000

Explanation:

Given,

Market rate = 10%

Face value $60,000 = Principal value.

When the bonds mature, the issuer records its payment of principal with credit to cash in the amount of principal value that is $60,000 because the bondholder will pay the principal with interest.

Therefore,

Bondholder will pay the $60,000 issued amount as principal because there is an additional interest amount needs to be paid.

It is credit because it is matured on the date of cash payment.

8 0
3 years ago
Why do you think wants is less important?​
viktelen [127]

Answer:

Wants is less important because you don't need it/them to survive, you can live with only your needs, you should only get your wants only if you can afford it and still have enough money for needs.

Explanation:

I don't know if that made sense lol

3 0
3 years ago
A(n) ________ includes how employees should react to security problems, whom they should contact, the reports they should make,
Alona [7]
An "Incident Response Plan". :)
6 0
3 years ago
Read 2 more answers
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