is a crucial component if one is to build a power base, because it reflects prudence and an ability to utilize one's own judgment in lieu of the orders of another.

Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks

Afamily wishes to save for future college expenses. which financial tool should the family invest in?

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.