Author Question: Which contracting party gains from the use of a more sophisticated contract? a. The principal, who ... (Read 66 times)

fasfsadfdsfa · **on:** Jul 1, 2018

Which contracting party gains from the use of a more sophisticated contract?
a. The principal, who offers the contract.
b. The agent, who accepts the contract.
c. Both parties may lose.
d. Both parties gain equally.

Question 2

In managerial economics, agency costs refer to
a. booking travel arrangements
b. model and actor representation
c. imperfections in dealing with those hired
d. foreign espionage