Which one of the following is a source of conflict between owners and managers?
A. Managers and owners have a very short time horizon.
B. Owners have short time horizons, while managers have to worry about future cash flows.
C. Managers and owners worry about the entire future cash flows.
D. Managers have short time horizons, while owners have to worry about future cash flows.
Answer: D
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An increase in public saving has what impact on the market for loanable funds?
A) The supply of loanable funds increases. B) The demand for loanable funds increases. C) The supply of loanable funds decreases. D) The demand for loanable funds decreases.
If the prices of both goods increase by 10 percent, the budget line
A. shifts to the right in parallel fashion. B. shifts to the left in parallel fashion. C. is unaffected since only relative price changes matter. D. pivots on the axis of the more expensive good.
Which of the following is true of the U.S. government?
a. The government in the United States takes the form of a single-party state where opposition parties are not legally allowed to take power. b. The size of the federal government in the U.S. has been declining since 1930. c. Employment in the government sector currently exceeds employment in the manufacturing sector. d. The U.S. federal government plays a much smaller role than state and local government due to states' rights. e. The service sector of the U.S. economy employs more number of people than the U.S. government.
Which of the following represented the largest percentage of the U.S. federal budget in 2007?
a. income support, Social Security, and welfare b. defense c. education d. agriculture e. interest payments on the public debt