Moral hazard in equity contracts is known as the ________ problem because the manager of the firm has fewer incentives to maximize profits than the stockholders might ideally prefer
A) principal-agent
B) adverse selection
C) free-rider
D) debt deflation
A
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According to the text, the last step in the report preparation and presentation process is ________
A) problem definition B) data analysis C) recommendations D) research follow-up E) reading of the report by the client
The sole proprietor has ________ liability
A) zero personal B) limited organizational C) complete organizational D) unlimited personal
Was that Aunt Joan who was sitting ________ your mother?
a. beside b. besides
You have been hired to pursue international marketing for a small manufacturing firm. The owner, who is reaching retirement age, does not like to take on risky business ventures. Her son, though, likes to take risks; he feels it's a good way to earn a greater return. What entry strategy would the owner want to pursue, and what entry strategy would the son want to pursue? How might you resolve the differences?
What will be an ideal response?