Managerial Reputation Is an _____ Incentive That Helps to Mitigate

question 18

Multiple Choice

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

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

---

Definitions:

Functionality

The range of operations that can be performed by a product, system, or service, especially according to user requirements and needs.

Strategic Positioning

The process of establishing and maintaining a sustainable competitive advantage in the market.

Low-Cost Approach

A business or operational strategy focusing on minimizing costs while maintaining quality and efficiency, often to achieve a competitive advantage.

Value-Based Approach

A strategy focusing on providing and maximizing value to customers or stakeholders, often in terms of quality, service, and experience.