Which of the following statements best represents the "Agency Problem"?
A) The agency problem may interfere with the implementation of maximizing shareholder
wealth.
B) Managers might attempt to benefit themselves in terms of salary and perquisites at the
expense of shareholders.
C) The agency problem results from the separation of management and the ownership of the
firm.
D) all of the above
D
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Which of the following steps is not part of the half-minute procedure for making quick, frustra-tion-free, low-consequence decisions:
(a) announce the decision to those involved and move on to something else, (b) compare the first answer you think of with at least one other possibility, (c) deliberate over the most likely choice to be absolutely sure it will work, (d) take time to restate the problem and review the facts in your mind.
Explain the various verb tenses and how they are used