Adolph Berle and Gardiner Means argued that widely held corporations will be run inefficiently by professional managers. Their argument is based on:
A. blockholders' control.
B. inefficient product market structures.
C. incentive conflicts between shareholders and managers.
D. an inefficient market for CEOs.
Answer: C
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A focus on quality means:
A) A firm does nothing but produce the highest quality product. B) An inability to actually produce anything. C) A firm must decide whether an additional focus on quality is worth the cost. D) The firm will definitely be successful. E) Consumers will not be willing to purchase the product.
A company classified as a small and medium-sized enterprise (SME) has fewer than 500 employees.
a. true b. false
Refer to the accompanying figure. Suppose the dairy lobby convinces the government to impose price controls in this market. If the government requires cheese to be sold for a price of $8 per pound, total consumer surplus in the market would equal:
A. $120 per day. B. $20 per day. C. $60 per day. D. $80 per day.
Refer to the information provided in Table 23.3 below to answer the question(s) that follow. Table 23.3
Refer to Table 23.3. At an aggregate income level of $300, aggregate saving would be
A. -$125. B. $100. C. $125. D. $175.