Identify all the correct statements:
A. Managers naturally seek to maximize shareholders' wealth
B. Managers act in their own interests, and so there is no way to align their interests with those of the owners
C. To motivate managers in non-profit firms, no employee incentives are needed
D. To align the interests of managers and owners, owners must design systems to monitor and reward management behavior that increases the firm's profits
E. none of the above
D. To align the interests of managers and owners, owners must design systems to monitor and reward management behavior that increases the firm's profits
To minimize conflicts between the economic interests of managers and owners, the owners need both systems to monitor the manager's performance and systems of rewards or incentives.
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What will be an ideal response?
Under a defined benefit pension plan, retirement benefits are based entirely on the annual contribution to the fund plus earnings thereon
Indicate whether the statement is true or false
What type of structured data includes sensor data, point-of-sale data, and web log data?
A. Machine-to-machine (M2M) B. Human-generated C. Systems thinking D. Machine-generated
Two kitchen workers got into an argument about whose turn it was to clean up the work station. The argument escalated into a food fight that cost the restaurant hundreds of dollars in food supplies. The kitchen manager disciplined both workers, giving one a two-day suspension and the other a four-day suspension. The kitchen manager’s actions violated the __________ part of the OUCH test.
A. Objective B. Uniform in Application C. Consistent in Effect D. Has Job Relatedness E. None of the above