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Svetllana [295]
3 years ago
10

The principal-agent problem arises in labor markets because: Group of answer choices compensating wage differences do not pay fo

r differences in the nonmonetary aspects of jobs. a firm may realize excessively large profits. workers may provide less-than-expected work effort. human capital investments vary among workers.
Business
1 answer:
densk [106]3 years ago
6 0

Answer:

workers may provide less-than-expected work effort.

Explanation:

Principal-agent problem

This is also called Agency problem. It is simply defined as a type of problem of motivating one party that is the agent just to act on behalf of another person which is the principal. This problems arise usually when incentives between the agent and the principal are not perfectly aligned or in tune.

This form of problem is also said to occur when agents example a firm's managers tends to run after their own personal goals rather than the goals of the principals who is the firm's owners.

Agency relationship

This form of relationship is said to occur if there is a set up or an arrangement in where one person's welfare is dependent or based on what another person does.

Agent

This is simply known as an Individual whose services has being employed by a principal so as to help achieve the principal's objective.

Principle

This is also known as a person who simply employs the services of one or more agents so as to obtain or achieve an objective.

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Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000
hram777 [196]

Answer:

do not Install guard rail because the guard rail cost exceed the expected benefits

Explanation:

given data

guard rail cost = $70,000

average damage = $10,000

guard rail  prevent = 5 vehicles

to find out

What should the county do

solution

we know here guard rail cost  is  $70,000

but expected benefits = $10,000 × 5

expected benefits = $50,000

so we can say that do not Install guard rail because the guard rail cost exceed the expected benefits

5 0
2 years ago
_________ are variables that managers must understand since they can significantly affect the overall competitive position of a
Sphinxa [80]

Answer:

The correct answer is letter "C": Strategic Business Units.

Explanation:

Strategic Business Units or SBUs refers to individual departments within an organization that have a vision and mission of its own to help companies have an impact on the overall market segment. They have a competition analysis and marketing campaign aligned with the companies objectives.

7 0
3 years ago
According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their ______________, wh
Gekata [30.6K]

According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their <u>need structures</u>, which were influenced by the childhood environments that they experienced.

<u>Explanation</u>:

Anne Roe’s personality theory of career choice was well explained in her book <u>“Psychology of Occupations”</u>. There are certain factors that influence in deciding the career of a person. The factors are psychology, biology and sociology of a person.

Individuals decide their field of work based on their demands and needs. The childhood experience may also influence the occupation field of the person. Need structure provides the requirement of the person according to their lifestyle and requirements.

4 0
2 years ago
A company is considering two capital investments. Each requires an initial investment of $15,000 and has a 4 year useful life. I
yaroslaw [1]

Answer:

3 years

Explanation:

The computation of the payback period is shown below:

Payback period = Initial investment ÷ Net cash flow

where,  

Initial investment is $15,000

And, the net cash flow would be

= Year 1 + year 2 + year 3 + year 4

= $5,000 + $5,000 + $5,000 + $5,000

= $20,000

As we see that the net cash flow is recovered in three years that means net cash flows and the initial investment are equal

So,

Payback period would be

= $15,000 ÷ $15,000

= 3 years

7 0
3 years ago
In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $37,000 and ending
Alborosie

Answer:

total cost to be accounted = $297000

Explanation:

given data

beginning work in process inventory = $37,000

ending work in process inventory = $43,000

costs added to production = $260,000

cost of units transferred out = $254,000

solution

we get here  total cost to be accounted that is express as

total cost to be accounted = ending work in process inventory + cost of units transferred out   ......................1

put here value and we will get

total cost to be accounted = $43,000 + $254,000

total cost to be accounted = $297000

3 0
3 years ago
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