Which of the Following Describes the "Collective Action Problem

question 92

Multiple Choice

Which of the following describes the "collective action problem"?

• A) When a CEO fails to represent the interest of shareholders in daily decisions of the firm.
• B) When the shareholders of a firm fail to act in their own best interests.
• C) When the managers of a firm lack incentive to maximize shareholder wealth.
• D) When an individual stockholder spends time and resources monitoring managers,bearing the cost,while the benefits go to all the shareholders in the firm.

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Definitions:

Psychosocial Development

The theory proposed by Erik Erikson that describes how individuals evolve emotionally and socially through a series of eight stages from infancy to adulthood.

Driver's License

An official document permitting a specific individual to operate one or more types of motorized vehicles, such as cars, trucks, or motorcycles, on a public road.

Kindergarten Admission

The process of enrolling a child into kindergarten, marking the beginning of formal education.

Health Examination

A comprehensive or focused assessment of an individual to determine their health status or to diagnose possible health issues.