The board of directors of Fast Food Inc, have the final say in all decisions made for the firm. Market conditions and recent poor performance has caused some discord among the board members. Which of the following statements is likely to be true?
a. The decisions the board members take may lead to compromises that are not in the interests of the shareholders.
b. Decision-making will be decentralized in this firm.
c. People lower in the hierarchy of this firm will be better equipped to take decisions.
d. The board's incentives are aligned with those of the firm's principals.
A
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A rent ceiling set below the equilibrium rent decreases the quantity of housing supplied because
A) landlords of previously barely profitable apartments refuse to rent them. B) the supply of housing increases. C) fewer tenants will search for housing. D) demand for housing will increase. E) the supply curve of housing immediately shifts leftward.
In the 1970s a typical college student's consumption might be represented by the following items: a small used car, black and white television set, macaroni and cheese and generic brand beer
As many of these students graduated from college what do you expect happened to the composition and quantity of the goods mentioned? Explain.