The board of directors and the CEO A) do not have a ...

[lb_gilbert]

The board of directors and the CEO
 A) do not have a principal/agent relationship.
  B) are agent and principal, respectively.
  C) are principal and agent, respectively.
  D) are one in the same for small corporations.

Question 2

The income effect of a wage increase:
 a. results in an increase in the quantity of labor supplied.
  b. results in a decrease in the quantity of labor supplied.
  c. has no impact on the quantity of labor supplied.
 d. results in a decrease in the quantity of leisure enjoyed.

[Liamb2179]

Answer to Question 1

C

Answer to Question 2

b

[lb_gilbert]

Thanks for the timely response, appreciate it

[kusterl]

Gracias!