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Question
Conditions that must be met for principal-principal (PP) conflicts to occur include all of the following except _____________.
A. a dominant owner or group of owners who have interests that are distinct from minority shareholders
B. legislation that protects the interests of minority shareholders
C. a motivation for the controlling shareholders to exercise their dominant position to their advantage
D. few formal (such as legislation or regulatory bodies) or informal constraints that discourage or prevent the controlling shareholders from exploiting their advantageous positions
Answer
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Related questions
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Fortune Brands states they will cut corporate overhead costs by $30 million a year. This is an example of a:
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B. financial strategic objective
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In contrast to the vision of an organization, its mission should:
A. be shorter in length
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C. encompass all the major rules and regulations of the corporate work force
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Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic).
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The hierarchy of organizational goals is in this order (least specific to most specific):
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Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve:
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B. elected by the shareholders as their representatives
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D. only allowed to serve one term of four years
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Objectives in organizations should be clear, stated, and known by employees throughout the organization.
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A. Goals and objectives that are uncertain prevent opportunism.
B. Traditional strategic controls are usually inappropriate.
C. Complacency about predetermined milestones can prevent adaptability.
D. Detailed plans are needed to maintain order.