In Which of the Following Types of Firms Is an Agency

question 61

Multiple Choice

In which of the following types of firms is an agency problem most likely to exist?

• A)a private corporation that has only one owner and only a few employees
• B)a partnership with several owners, but only a few employees
• C)a sole proprietorship that has only one owner and one employee
• D)a publicly-held corporation that has many owners and many employees

Explore the relationship between leadership styles and organizational outcomes such as productivity, morale, and group cohesiveness.

Comprehend the impact of cultural and social identity factors on leadership and followership.

Understand and apply the concept of the Ringelmann effect and social loafing along with strategies to minimize their impacts in group contexts.

Comprehend the benefits and limitations of collaborative efforts in problem-solving and decision-making.

---

Definitions:

Insure

To provide or obtain insurance coverage against risk or loss.

Rights

Entitlements or freedoms granted to individuals or groups by law, social convention, or moral principles.

Liabilities

Financial obligations or debts that a company or individual owes to others.

Title

A legal term that signifies ownership rights over property, assets, or an interest in property or assets.