To ensure that decision makers have enough information to make god decisions

To ensure that decision makers have enough information to make god decisions
a. Move information to those making the decisions
b. Move decision making to those with the information
c. All of the above
d. None of the above

QUESTION 2

A firm will shut down in the short-run if
a. P>AVC
b. P c. Profits<0
d. P
QUESTION 3

In an ideal organization, when do agents always make decisions in the best interests of their principle?
a. The decision makers have the information necessary to make the decision
b. The decision makers have the incentive to make the right decision
c. All of the above
d. None of the above

QUESTION 4

The break-even quantity is
a. 10000
b. 5,555
c. 12,500
d. 5,000

QUESTION 5

Adopt incentive compensation
a. Under all circumstances since it is the best solution
b. Only if it is effective in making the agent work harder
c. Only if its results exceed its costs
d. Only B&C

QUESTION 6

What's the firm's contribution margin?
a. 1800
b. 800
c. 1000
d. 300

QUESTION 7

Which of the following is true?
a. Incentive compensation imposes no risks on the agents and thus should not affect their compensation
b. Incentive compensation imposes risk on the agent but need not be compensated for
c. Incentive compensation imposes risk on the agent for which they should be compensated
d. Incentive compensation is a bad idea

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To ensure that decision makers have enough information to make god decisions

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