The Separation of Ownership and Control Is the Most Effective

question 85

True/False

The separation of ownership and control is the most effective means used by firms to prevent managerial opportunism.

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Definitions:

Flexible Benefit Plans

Plans that allow employees to choose from a variety of benefits to tailor their benefits package to their personal needs and preferences.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Recruitment

The process of identifying, attracting, and hiring suitable candidates for jobs within an organization.

Nonmandatory Major Benefit

A significant employment perk that is not legally required but is offered by an employer to attract or retain employees.