An Example of an Agency Cost Because of Inefficient Behavior

question 121

Multiple Choice

An example of an agency cost because of inefficient behavior is

• A) Employees surfing the internet for personal reasons during working hours
• B) Employees spending an appropriate amount of time on long-term projects
• C) Team members working together with concentrated effort
• D) Exceeding a time budget because of uncontrollable price increases

Appreciate the relevance of social learning theory in explaining human learning through observation and imitation.

Understand the basics and applications of research designs in developmental psychology.

Knowledge of Piaget's stages of cognitive development and their characteristics.

Recognize the impact of physical activities on memory and cognition in older people.

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Definitions:

Committed by Employee

Acts or omissions carried out by an employee in the course of their employment.

Dismissal Without Notice

A termination of employment where the employer ends the employment relationship without any prior notice to the employee.

Employee Wrongdoing

Actions by an employee that violate company policies or laws.

Serious Breach

A significant violation of a contractual agreement that results in substantial harm or allows the aggrieved party to terminate the contract.