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hoa [83]
3 years ago
7

This 18th century economist coined the term "invisible hand," a metaphor representing the natural forces that drive individuals

to succeed economically, which are the same forces that "invisibly" guide a large economy.this 18th century economist coined the term "invisible hand," a metaphor representing the natural forces that drive individuals to succeed economically, which are the same forces that "invisibly" guide a large economy.
Business
1 answer:
ipn [44]3 years ago
8 0
This 18th-century economist is Adam Smith who is hailed the Father of Economics. In his 1776 book  "An Inquiry Into the Nature and Causes of the Wealth of Nations" Smith argues that society benefits in a free economy in which individuals are motivated by their own self-interest which unintentionally benefits society as a whole. Smith's aim using the term moreover was to attack the mercantilist system which was prevalent during his time. 
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Agency costs involve costs that are incurred from managers pursuing their own interests at the expense of shareholder value, but
Alexxx [7]

Answer:

False

Explanation:

Agency cost is a term used in Administration to describe a special type of expense that arises from conflicts of interest existing in an organization.Within the context of financial management, the main agency conflicts are:

-Between shareholders and managers :Theory of the principal — agent or the problem of the principal — agent  is a theoretical model of economics designed to understand management situations between unequal actors having different degrees of awareness (asymmetric information): the person giving the order (principal) is usually located in the highest hierarchical position and awaits the solution of the task in his interests; on the other hand, the person executing the order (agent: manager or economic agent) is in the lower hierarchical position, but has more information than the principal and can use this information either in the interests of the principal or in his own interests. To solve this problem, various strategies are proposed, such as trusting relationships, general information systems, or focused incentives.

In general, to alleviate agency conflicts, shareholders bear the agency cost, which includes all the relative costs to make the interests of the managers aim to meet their own interests, which is to maximize the share price from the company. However sometimes the shareholders may want management to run the company in a fashion which increases shareholder value.

- Among shareholders and creditors.

5 0
3 years ago
Read 2 more answers
Billy Bean, Beth Bean, Barbara Bean, Brooke Bean, and Beanie Bean make up the Bean family. Brooke sees a commercial for a revolu
spin [16.1K]
<span>In this scenario, Billy Bean is the influencer and Beanie Bean is the information gatherer. </span> An information gatherer is the one who manifest an interest and seeks more information about a particular purchase. Beanie is the one who shows interest to the toilet paper saying how great it is to his father, Billy. Meanwhile, an influencer is the one who influence the final decision after careful evaluation and criteria consideration of the product. Billy fits the definition since he was convinced with Beanie's statement, telling his wife about it and leading to the actual purchase of the toilet paper. 
7 0
3 years ago
Olsen Company paid or collected during 2014 the following items:
Karolina [17]

Answer:

A.  $26,400

Explanation:

Prepaid insurance beginning balance       $3,000

Add: Insurance paid during year                <u>$25,800</u>

                                                                     $28,800

Less: Prepaid insurance Ending balance   <u>$2,400  </u>

Insurance expense                                      <u>$26,400</u>

4 0
3 years ago
Page(s) 165-166 5.3. Why do taxes create deadweight loss in otherwise efficient markets? How would the consumer notice if the go
swat32

Answer:

Explanation:

(C) The price of potato chips would rise.

8 0
3 years ago
Read 2 more answers
On November 7, 2017, Mura Company borrows $360,000 cash by signing a 90-day, 9% note payable with a face value of $360,000. (Use
Charra [1.4K]

Answer:

The accrued interetst is $4860 and $3240

Explanation:

Solution

Recall that:

Mura Company borrows= $360,000

Time =90/360

rate = 9%

Face value =$360,000

The next step is to compute the accrued interest payable on December 31, 2017.

Now,

Interest = 360000*9%*90/360=8100$

year end interest accrual:

Principal =$360000

time 54/360

Interest =360000*9%*54/360 = $4860

Interest recognized on February 5

Principal =$360000

Rate= 9%

Time= 36/360

Interest 360000*9%*36/360 = $3240

8 0
3 years ago
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