Agency costs are ________.
A) costs that managers bear when they do not act in the interests of shareholders
B) costs that firms must pay to comply with the regulations imposed by federal government agencies
C) costs that are exempt from taxation
D) costs that shareholders bear because managers pursue their own interests rather than acting in the interests of shareholders
D) costs that shareholders bear because managers pursue their own interests rather than acting in the interests of shareholders
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Net income appears in which financial statements?
a. Balance Sheet; b. Income Statement; c. Statement of Owner's Equity; d. A & B; e. B & C.
A ________ is a scale for measuring attitudes that consists of a single adjective in the middle of an even-numbered range of values, from -5 to +5, without a neutral point (zero)
A) semantic differential scale B) Likert scale C) continuous rating scale D) Stapel scale
While it is plausible that some dishonest acts, like bluffing a person in a business transaction, can have beneficial social consequences that do not threaten the stability of underlying social practices, it would be harder to claim that routine dishonesty would not erode the trust that does seem essential to social cooperation.
Answer the following statement true (T) or false (F)
A(n) ________ refers to a document that states the terms for converting an existing business to an LLC (limited liability company)
A) articles of termination B) operating agreement C) articles of organization D) agreement of conversion