Which of the Following Offers an Explanation as to Why

question 60

Multiple Choice

Which of the following offers an explanation as to why the principal-agent problem exists for a firm?

• A)The firm cares less about profit and more about cost when there are many competitors in the market.
• B)The firm offers an employee-incentive program in which employees share in the firm's profits.
• C)The firm operates in a market with many competitors forcing the firm to pay its employees more to keep them from switching to another firm.
• D)The firm operates to maximize profit while the employees attempt to work as little as possible to earn their paychecks.

Understand the concept and importance of fairness in organizational policies.

Identify and evaluate methods to improve fairness perceptions in controversial policies.

Grasp the basic principles of 360-feedback systems.

Analyze the benefits and challenges of implementing 360-feedback in large organizations.

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Definitions:

Symbolic Identity

Symbolic Identity involves the use of symbols, language, and cultural practices to express and form individual and collective identities.

Code-Switching

The practice of alternating between two or more languages or varieties of language in conversation.

Mezzanine Level

A intermediate floor or level between the main floors of a building, often partially open to the floor below and used for a variety of purposes.

Social Structure

The organized pattern of social relationships and social institutions that together compose society.