Monitoring a manager can be difficult if
A) the owner and manager do not have an enforceable contract.
B) the owner cannot easily observe the manager's actions.
C) the manager doesn't have to use a time clock.
D) the board does not have enough outside directors.
B
You might also like to view...
In a market system, what provides individuals the information needed to make decisions?
A) insurance B) government C) patents D) prices
Define marginal cost and marginal benefit
What will be an ideal response?
Natural resources are:
a. not considered scarce because no one pays for them. b. only desired for use in producing other goods. c. included in the category of resources called land. d. available in unlimited quantities.
Use the following marginal benefit and marginal cost functions for activity A: MB = 100 - 5AMC = 20 + 3AThe optimal level of A is
A. 40 B. 20 C. 10 D. 0 E. 30