Author Question: The board of directors and the CEO A) do not have a principal/agent relationship. B) are agent and ... (Read 31 times)

lb_gilbert · **on:** Jun 30, 2018

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.