The root cause of the principal-agent problem between senior executives and lower-level employees can be explained by the
A. operational expertise of lower-level employees in concentrated areas of a particular field.
B. informational advantage of the lower-level employees.
C. higher number of lower-level employees than senior executives.
D. knowledge of employees regarding day-to-day tasks.
Answer: B
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A useful clue about an organization's culture is
A. found by seeing who is hired and who is fired. B. environmental scanning. C. the macroenvironment. D. information printed in the media. E. the industrial environment.
Big Mike has to prepare a bid for the swimming pools to be placed in every backyard in a new housing addition
Each swimming pool represents only a slight variation on the other, so there is a good opportunity to leverage learning effects in the bid process. A swimming pool installation can be broken down into four major steps: excavation, concrete, plumbing, and finish work. Mike has found the best contractors and asks each of them how long it will take to complete work on the first pool and what their learning rates are. Amazingly, each contractor is intimately familiar with learning curve theory and knows what his learning rate is for this type of work. This information is summarized in the table. Function First Pool Learning Rate Excavation 22 hours .95 Concrete 32 hours .90 Plumbing 10 hours .85 Finishing 30 hours .85 How long will it take to complete the 25th pool for the subdivision? How long will it take to complete all 25 pools for the subdivision?
Oral or spoken defamation is: A)slander
B)libel. C)privilege. D)perjury.
The tort involving spoken defamatory communication is:
a. invasion of privacy b. libel c. privilege d. negligence e. none of the other choices