Which term refers to payments a firm makes related to changes in company ownership?
A) pension plan
B) annual bonus
C) golden parachute
D) retirement perks

Question

Quizplus · Accepted Answer

Golden parachutes are extraordinary payments companies make to executives in connection with a change in ownership or control of a company. For example, a company's golden parachute clause might state that, with a change in ownership of the firm, the executive would receive a one-time payment of $2 million.

Which Term Refers to Payments a Firm Makes Related to Changes