What are the benefits of having strong corporate governance?
a. managers and employees fear for their jobs; fear improves productivity.
b. there are no benefits to corporate governance, which is seen as an unneeded expense.
c. the ability to be strategically competitive and perform without risk of being ethically or legally exposed. d. one person has a large amount of power to make actions as quickly and riskily as necessary.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.