The General Monitoring Problem Implies That

question 46

Multiple Choice

The general monitoring problem implies that:

• A) profit maximization should always be a firm's goal.
• B) there is a cost of supervising employees so that they work toward the owner's goals rather than their own.
• C) government must intervene to protect national goals.
• D) competition will ensure common goals among the owners and managers of a firm.

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Definitions:

Per Capita

A method of distributing an estate where each recipient receives an equal share of the property.

Constructive Trust

An equitable remedy imposed by a court to rectify unjust enrichment or wrongful conduct, transferring property to someone rightfully entitled to it.

Corpus

In law, a term referring to the principal amount of a fund or estate; in linguistics, a collection of written texts used for language research.

Executor

An individual appointed in a will who is responsible for executing the deceased's estate according to the will's directives.