Monitoring a manager can be difficult if
A) the owner and manager do not have an enforceable contract.
B) the owner cannot easily observe the manager's actions.
C) the manager doesn't have to use a time clock.
D) the board does not have enough outside directors.
B
Economics
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The Cambridge k is all of the following except
A) the reciprocal of the income velocity of money. B) a transactions demand for money. C) the fraction of GDP that people wish to hold in the form of money balances. D) the velocity of money.
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Explain how changes in the stock of capital affect aggregate supply
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