1. If a firm purchases a part of its supplies on the open market this is called :

a) a spot market purchase

b) a long term contract

c) vertical integration

d) downstream integration

2) The specific structure of a U.S. corporation's charter and bylaws is constrained by:

a) the union's fiduciary responsiblities

b) preferred stockholders

c) Securities Exchange Commission Regulation

d) the focal point for a set of contracts...

3) Corporate governance refers to aspects of the corporation such as

a) the corporate tax rate

b) CEO compensation

c) decentralization of decision rights to union workers

d) government regulation of corporate health and safety