The problem with monitoring as a tool to solve the ________ problem is that it can be expensive in terms of time and money, as reflected in the name economists give it,costly state verification

A) principal-agent
B) adverse selection
C) audit
D) regulation

A

Business

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An impound account will benefit the

A. beneficiary and the trustor. B. trustee. C. trustor only. D. beneficiary only.

Business

Which of the following statements is more of a general characteristic of a manufacturing organization, as compared to a service organization?

A) Short-term demand tends to be highly variable. B) Operations are more capital intensive. C) Outputs are more intangible. D) Quality is more difficult to measure.

Business