Which of the following statements is correct? a. given the multi-owner nature of most large corporations, agency costs associated with perquisiteconsumption are not really a problem. b. managers may operate in the stockholders' best interests, but they may also operate in their ownpersonal best interests. as long as managers stay within the law, there simply are not any effectivecontrols that stockholders can implement to control managerial decision making. c. shareholder agency costs include the opportunity costs associated with constraining managerialfreedom but do not include managerial salaries. d. an agency relationship exists when one or more persons hire another person to perform some servicebut withhold decision-making authority from that person. e. all of the above statements are false.
Answers: 3
Business, 21.06.2019 13:50
2. a box contains 50 slips of paper. forty of the slips are marked $0, 8 of the slips are marked $20, 1 slip is marked $100, and the last one is marked $500. find the expected net winnings of a person who pays $10 to randomly select one slip of paper. interpret.
Answers: 1
Business, 21.06.2019 21:40
Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
Business, 22.06.2019 10:40
Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable
Answers: 2
Business, 22.06.2019 15:00
Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive
Answers: 1
Which of the following statements is correct? a. given the multi-owner nature of most large corporat...
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