When the owners of a company hire full-time executives to make the day-to-day decisions, this __________ the __________ problem
A) alleviates; stockholder-lender
B) alleviates; manager-stockholder
C) exacerbates; stockholder-lender
D) exacerbates; manager-stockholder
D
Economics
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A decrease in the nominal wage will cause the aggregate supply curve to
A. shift outward. . B. shift inward. C. become flatter D. become steeper. .
Economics
Variable costs are
a. costs that vary with output b. equal marginal costs c. not considered in decision-making d. equal to total costs
Economics
In the short run and in the long run, there is a tradeoff between inflation and unemployment.
a. true b. false
Economics
The dollar value of an industry's sales minus the value of intermediate goods is
A. value added. B. NDP. C. GDP. D. transfer payments.
Economics