Sole Proprietorships Resolve the Issue of Agency Problems Primarily By

question 69

Multiple Choice

Sole proprietorships resolve the issue of agency problems primarily by:

• A) avoiding excessive expense accounts.
• B) discharging those who violate the rules.
• C) allowing owners to share the cost of their actions with others.
• D) forcing owners to bear the full cost of their actions.

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Definitions:

Job Specification

A detailed description of the qualifications, skills, experience, and attributes required for a specific job role.

HRM Systems

Comprehensive tools and platforms used to manage and automate the human resource functions within an organization.

Succession Planning

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire or die.

Organizational Structures

The system of tasks, workflows, reporting relationships, and communication channels that link together diverse parts of an organization.