The principal-agent problem
A) occurs when managers have more incentive to maximize profits than the stockholders-owners do.
B) in financial markets helps to explain why equity is a relatively important source of finance for American business.
C) would not arise if the owners of the firm had complete information about the activities of the managers.
D) explains why direct finance is more important than indirect finance as a source of business finance.
C
Economics
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List the three major sources from which households derive their incomes
What will be an ideal response?
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________ in the job market trace to training, education, experience, ability, risk of job loss, and risk of injury
a. Racial discrimination b. Wage discrimination c. Geographical discrimination d. Gender discrimination
Economics