19、Which of the following statements is most likely to characterize the principal-agent problem between buyers and sellers of services? A. Agents cannot be completely monitored. B. Agents cannot exercise their own judgment. C. Principals can impose their own objectives on agents. D. Principals can have complete information about agent behavior.
Correct answer = A
"Organizing Production," Michael Parkin
2008 Modular Level I, Vol. 2, pp. 100-101
Study Session 4-16-d
explain command systems and incentive systems to organize production, the principal-agent problem, and measures that a firm uses to reduce the principal-agent problem
Agents can and do exercise their own judgment and, because agents cannot be completely monitored, agents have opportunities to serve their own ends instead of those of the principal. | 
发表于 2008-5-27 12:33
| 
