When a company makes an accounting change, Generally Accepted Accounting Principles require that the company make changes to financial statements of prior years

Expectancy theory deals with the relationship among these three elements:

a. goals, efforts, results. b. expectancy, goals, results. c. goals, performance, rewards. d. performance, efforts, rewards.

Managerial entrenchment means that managers ________ and run the firm for their own best interests

A) may face little threat of being fired B) are overseen by equity holders C) are overseen by debt holders D) are well compensated