Managerial Reputation Is an _____ Incentive That Helps to Mitigate

question 47

Multiple Choice

Managerial reputation is an _____ incentive that helps to mitigate the _______ principal agent problem.

• A)internal; manager-worker.
• B)external; manager-consumer.
• C)internal; owner-manager.
• D)external; owner-consumer.

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Definitions:

National Republicans

A political party in the United States, active in the late 1820s and early 1830s, which supported a strong federal government and policies that promoted economic growth, evolving into the Whig Party.

Kitchen Cabinet

A term referring to a group of unofficial advisors to the head of a government.

Empresarios

Agents who were granted the right to settle on land in exchange for recruiting and taking responsibility for new settlers; used notably in the context of Mexican Texas.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, changing economies and societies.