Agency problems and costs are incurred whenever the owners of a firm delegate decision-making authority to management
a. true
b. false
a
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According to your authors, America's Great Depression of the 1930s was evidence of
A) an unstable free market system B) rampant greed among entrepreneurs. C) a cluster or accumulation of errors. D) antagonistic interests among the propertied and nonpropertied classes. E) all of the above.
An M-form of organization is exploiting functional business areas
Indicate whether the statement is true or false
Specialization should be guided
A) by government regulations. B) comparative advantage C) by only technology. D) by only labor or technology.
Suppose, in dollar terms, nominal GDP increased approximately 4 percent during a given year, and real GDP decreased 1 percent. Which of the following best explains these events?
a. The money supply increased approximately 4 percent. b. Prices decreased approximately 3 percent. c. Prices increased approximately 4 percent. d. Prices increased approximately 5 percent.