Nina Is in an Interview for a Sales Job That

question 70

Multiple Choice

Nina is in an interview for a sales job that requires no experience. She is trying to portray herself as a highly enthusiastic, energetic person with high-level communication and interpersonal skills. The interviewer is convinced that Nina should be hired as a salesperson in the company. However, in her resume, Nina had not mentioned her previous work experience as she was fired from that job because of her frequent absenteeism. Which of the following does this scenario best illustrate?

• A) information asymmetry
• B) principal-agent problem
• C) experience-curve effect
• D) learning-curve effect

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Definitions:

Paid-in Capital

The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares and amounts over par value.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before common stock dividends.

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights and receiving dividends.

Minimum Legal Capital

The least amount of capital that a company is required to maintain by law, intended to protect creditors by ensuring the company has enough assets to meet its obligations.