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Which one of the following is the least effective means of aligning management goal with shareholder interests? O automatically increasing management salaries on an annual
Which one of the following is the least effective means of aligning management goal with shareholder interests? O automatically increasing management salaries on an annual basis. O the potential for a proxy fight by an unhappy segment of shareholders. O holding management salaries steady while increasing stock option grants. O basing all management bonuses on performance goals. O the threat of a takeover of the firm. Which one of the following is a working capital management decision? O How much cash should the firm keep in reserve? O How should the firm raise additional capital to fund its expansion? O Should the firm borrow money for five or ten years? O Should I raise capital in the primary or the secondary market? O Should I refinance the 15-year mortgage? Common-size income statement expresses all line items as a percentage of sales. O True O False
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