Which of the following statements is true of the concentrated organizational structures of non-U.S. firms?
A) The concentrated organizational structures of non-U.S. firms permit managers to focus more on short-term earnings.
B) The concentrated organizational structures of non-U.S. firms result in easier access to credit in times of financial difficulty.
C) The concentrated organizational structures of non-U.S. firms make it difficult to change managers.
D) The concentrated organizational structures of non-U.S. firms reduce the managerial focus on wealth maximization.
E) The concentrated organizational structures of non-U.S. firms result from the universal banking relationships that exist outside the United States.

Question

Quizplus · Accepted Answer

Concentrated organizational structures in non-U.S. firms often result from universal banking relationships, which are more common outside the U.S. These relationships allow banks to have significant influence over firms, leading to more concentrated ownership and control.

Which of the Following Statements Is True of the Concentrated