Adolph Berle and Gardiner Means Argued That Widely Held Corporations

question 23

Multiple Choice

Adolph Berle and Gardiner Means argued that widely held corporations will be run inefficiently by professional managers.Their argument is based on:

• A)inefficient product market structures.
• B)an inefficient market for CEOs.
• C)blockholders' control.
• D)incentive conflicts between shareholders and managers.

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Definitions:

Psychotherapy

A therapeutic treatment involving psychological methods, typically involving regular personal interaction with a professional, to help a person change behavior and overcome problems in desired ways.

Parents

The mother and father or legal guardians of a child, responsible for their caretaking and upbringing.

Children

Young human beings, specifically individuals from birth to adolescence.

Self-Centered

Having an undue focus on oneself, one's own desires, needs, and interests, often at the expense of others.