Question 29 A problem associated with the principal-agent relationship is imperf
ID: 1101772 • Letter: Q
Question
Question 29
A problem associated with the principal-agent relationship is
imperfect information.
perfect information.
the low costs of monitoring behavior.
none of these choices.
3 points
Question 30
A problem with teams is that individuals
are too individualistic to work with others.
prefer piecework pay schemes.
tend to free ride.
none of these choices.
3 points
Question 31
Backloaded compensation encourages
employee turnover.
employee rollover.
principals to be agents.
employees to stay with the firm.
3 points
Question 32
Being paid a wage more than your opportunity costs is an example of
economic profit.
normal profit.
an accounting cost.
an efficiency wage.
3 points
Question 33
Free riding is a problem
if an individual's contribution to a team is not easily measured.
if an individual's contribution is to a team is easily measured.
when monitoring is costless.
when team members are altruistic.
3 points
Question 34
The board of directors and the CEO
do not have a principal/agent relationship.
are agent and principal, respectively.
are principal and agent, respectively.
are one in the same for small corporations.
3 points
Question 35
Ways to address free riding include
profit-sharing.
subjective evaluations.
improved monitoring.
all of these choices.
3 points
Question 36
A firm in which market has the most market power?
perfect competition
monopolistic competition
oligopoly
monopoly
3 points
Question 37
A graphical representation of the choices between two allocations of resources is called
the production possibilities frontier.
supply and demand.
the free choice model.
the moral hazard model.
3 points
Question 38
A unique resource can serve as
an economic profit
a sunk cost
an entry barrier
none of these choices
3 points
Question 39
Any point inside the production possibilities frontier is called
full employment.
unemployment.
efficient.
unobtainable.
imperfect information.
perfect information.
the low costs of monitoring behavior.
none of these choices.
Explanation / Answer
29. imperfect information.
30. tend to free ride.
31. employees to stay with the firm
32. economic profit.
33. if an individual's contribution to a team is not easily measured.
34. are principal and agent, respectively.
35. all of these choices.
36. monopoly
37. the production possibilities frontier
38. an entry barrier
39. unemployment.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.