How does the principal-agent problem extend to managers and employees?
What will be an ideal response?
Just as corporate shareholders (owners) cannot consistently monitor managers, managers cannot always monitor employees of the corporation. As a result, corporate employees may not have the same goals as their managers.
Economics
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Assume a ceiling price is set above the equilibrium price. The eventual result is a shortage
a. True b. False Indicate whether the statement is true or false
Economics
Adam Smith identified all of the following as factors contributing to a nation's economic growth, except
a. size of the labor force b. degree of labor specialization (or division of labor) c. size of the capital stock d. level of technology e. the level of government spending
Economics