Including an employee representative on the board of directors reduces the possibility of opportunistic employer behavior
Indicate whether the statement is true or false
True . This alleviates asymmetric information between the principal and the agent and will reduce the possibility of opportunistic behavior by the principal because the agent is better informed.
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Land, water, metals, and minerals are considered to be
a. non-scarce resources because they are "gifts of nature" b. free resources because they are "gifts of nature" c. manufactured resources because no resource is useable without labor d. natural resources that are "gifts of nature" e. renewable resources that are "gifts of nature"
Money costs and opportunity costs are concepts that are
a. not related in any meaningful way. b. used by tax accountants. c. related through relative prices of goods and services. d. used by economists to learn the most efficient level of output.