The VC industry did not become a major force in financing ventures until which TWO problems were solved?
a. informational asymmetry and principal-agent problems
b. legislation allowed institutional investors to provide significant capital backing, and an effective legal-liability arrangement for contributing parties was devised
c. contracting problems with the venture and compensation for executives
d. financing problems (i.e., debt vs. equity) and the underinvestment problem
B
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Don't try to memorize a presentation because
A) you should be using a fully written script. B) you'll probably sound stilted when you deliver the message. C) it increases the necessity for improvising when you forget a line. D) you will have to increase your eye contact with the audience. E) audiences prefer to be read to rather than talked at.
Suppose a supervisor gets a subordinate to do what she wants by threatening him with suspension or firing. It can be said that the supervisor is relying on:
A) reward power. B) coercive power. C) expert power. D) legitimate power.