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davenport econ625 week 3 quiz

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Question;?;Which of the following is not a principal/agent relationship?;?;Question 2;3.5 out of 3.5 points;Which of the following management actions reflects agency problems due;to the fact that information held by the agent is hard to observe?;?;Question 3;3.5 out of 3.5 points;What term describes situations in which the aspects of the agent?s;action that are important to the principal cannot be observed?;?;Question 4;3.5 out of 3.5 points;What term describes situations in which aspects of the productive;environment that are important to the principal cannot be observed?;?;Question 5;3.5 out of 3.5 points;Which of the following solutions has addressed coordination problems;in the tin market?;?;Question 6;3.5 out of 3.5 points;What term best describes a payment above and beyond the expected;outcome of a gamble which must be offered to a risk-averse individual to;willingly accept the gamble?;?;Question 7;3.5 out of 3.5 points;Which of the following terms best describes a contract that guarantees;an agent some payment, but provides enough incentive so that the agent does;not shirk?;?;Question 8;3.5 out of 3.5 points;Which of the following statements is least true regarding the use of;incentive pay for sales employees?;?;Question 9;3.5 out of 3.5 points;Which of the following terms best describes the principle stating that;when allocating effort among a variety of tasks, employees will tend to exert;more effort toward those tasks that are rewarded?;?;Question 10;3.5 out of 3.5 points;What term refers to the practice in a multidivisional firm where;orders from other parts of a company are rushed to be filled at the end of;each month (allowing divisions filling the orders to recognize revenue but;cause inventory problems)?

 

Paper#57554 | Written in 18-Jul-2015

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