46.Instead of removing an executive who is not managing the company's assets profitability, the board of directors (or in some cases the shareholders directly) can elect to:

Select one:

a. Both A and B

b. Transfer ownership of the firm to new owners

c. Demote the executive

d. Hire an additional executive of the same rank

e. None of the above

47.In which of the following behaviors does the sitting CEO exhibit acceptance that it is time to step down and ready to do so during the succession process?

Select one:

a. The Power Blocker

b. The Capitulator

c. The Active Advisor

d. The Hopeful Savior

48.Which of the following is most closely related to waiting to award stock options until after the release of negative news?

Select one:

a. None of the above

b. Spring Loading

c. Backdating

d. Bullet Dodging

49.Which of the following is not right about "target ownership plan"?

Select one:

a. The limit of company stock depends on executives seniority generally

b. The limit of company stock is generally expressed as a multiple of the annual salary

c. Require that an executive own a minimum amount of company stock

d. Require that an executive own a maximum amount of company stock

50.Which of the following is considered an insider by the SEC?

Select one:

a. Vendors

b. Employees

c. Suppliers

d. Potential employees