When one party to a transaction has incentives to engage in activities detrimental to the other party, there exists a problem of
A) moral hazard.
B) split incentives.
C) ex ante shirking.
D) precontractual opportunism.
A
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Symbols are ______ because they can represent whole ideas rather than specific or concrete cases.
a. intentional b. abstract c. arbitrary d. uniquely human
The Tim Hortons chain accounts for more than half of all the donut and coffee stores in Canada. The chain's red-and-white store banners are fixtures in many Canadian communities
In 2001, the first Tim Hortons appeared in the United States through a contractual agreement allowing an independent operation to adopt Tim Hortons' entire way of doing business. This agreement is an example of a(n)________. A) direct investment B) franchise C) export merchant D) strategic alliance E) joint venture
Which of the following represents the bullwhip effect?
A. Organizations know about employee events triggered downstream in the supply chain. B. Customers receive distorted product demand information regarding sales information. C. Distorted product-demand information ripples from one partner to the next throughout the supply chain. D. All areas up and down the supply chain can be viewed.
Which of the following statements about beta is correct?
A. Firms with greater systematic risk volatilities than the market have betas that are less than 1.0, and firms with smaller systematic risk volatilities than the market have betas that are greater than 1.0. B. Firms with greater systematic risk volatilities than the market have betas that are greater than 1.0, and firms with smaller systematic risk volatilities than the market have betas that are less than 1.0. C. Firms with greater systematic risk volatilities than the market have betas that are less than zero, and firms with smaller systematic risk volatilities than the market have betas that are greater than zero. D. Firms with greater unsystematic risk volatilities than the market have betas that are less than 1.0, and firms with smaller unsystematic risk volatilities than the market have betas that are greater than 1.0. E. Firms with greater unsystematic risk volatilities than the market have betas that are greater than 1.0, and firms with smaller unsystematic risk volatilities than the market have betas that are less than 1.0.