Question

Which of the following is true of the greater concentration of ownership in non-U.S. firms than in U.S. firms?

a. It makes it easy to change managers in non-U.S. firms.

b. It permits greater monitoring and control by individuals or groups than the more dispersed ownership structures of U.S. firms.

c. It makes it difficult for non-U.S. firms to access credit in times of financial difficulty.

d. It results in managers focusing on short-term goals rather than on long-term objectives.

e. It reduces the involvement of stockholders in the daily operations of non-U.S. firms.

Answer

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