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irakobra [83]
3 years ago
9

When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction

. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliver to the state. In cases where the incumbent manager was the winning bidder, firm productivity tended to increase dramatically. When outside bidders won there was little productivity improvement . Assumebthwt incumbent managers and new managers had similar qualifications.
True or False: this result stems from the information asymmetry between incumbent managers and outside bidders
Business
1 answer:
Dahasolnce [82]3 years ago
3 0

Answer:

True

Explanation:

Information asymmetry occurs when one of the two parties in a transaction has more information than the other. This causes the person that has the least information to likely make bad decisions.

In the question, we have an example of information asymmetry: incumbent managers simply have more information about the companies, because they have actually worked in managing them.

Outside managers, while as qualified as incumbent managers, do not have as much information about the companies, because they have not actually worked there.

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The state withholds the funding of that specific university because it doesn't reflect the broad economic goal of gender equality. A university should be fair and just in selecting its applicants, either it could be a male or a female.

I hope my answer has come to your help. God bless and have a nice day ahead!

4 0
3 years ago
Read 2 more answers
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Zolol [24]

Background-- part of a business proposal discusses the history of a product, service, or company with a focus on the relationship between the writer and a potential buyer

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How do you introduce a business proposal?

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brainly.com/question/24028071

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4 0
2 years ago
¿Cuáles son y cómo se elabora un Inventario de Mercancías NIC 2?<br> Ayuda plisssss
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(ノ◕ヮ◕)ノ*:・゚✧ ✧゚・: *ヽ(◕ヮ◕ヽ)

La NIC 2 define los inventarios como activos que son: mantenidos para la venta en el curso normal del negocio, en el proceso de producción para dicha venta, o. en forma de materiales o insumos para ser consumidos en el proceso de producción o prestación de servicios.

4 0
2 years ago
PLZZZZZ HELP!! 20 POINTS!!
Sphinxa [80]

Answer:

i say B or D

Explanation:

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7 0
2 years ago
We sign two new customers out of every seven people with whom we speak. Our goal is to sign 120 new customers. How many people w
Mila [183]
420 is what I got. if you do two divided by 120 it gives you 60 then 60 times 7 is 420.
6 0
3 years ago
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