ASSIGNMENT
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Name LP1
Due 01/21/14 11:59pm
Last Worked 01/22/14 5:23pm
Current Score 92% (46 points out of 50)
This homework will not affect your Study Plan score.
Late Submission Penalty 10% deducted per day from questions completed after due date
Number of times you can complete each question: 3
Alert Until your attempts are used up, changes WILL affect your score. Go to Results to review your work.
Questions: 4 Scored: 4 Correct: 3 Partial Credit: 1 Incorrect: 0
Correct Question 1 (10/10)
Correct Question 4 (13.50/15) Partial Credit Question 2 (7.50/10)
Correct Question 3 (15/15)
OK
To see what to study next, go to your Study Plan.
This course is based on Gitman/Zutter: Principles of Managerial Finance, 13e
Copyright 2014 Pearson Education
QWKEFJPLAgency problem exist practically in all organization; church, club, business or government. Agency problems arise when people who are given the mandate to look after organizations on behalf of shareholders or principals use their power for their own interest or benefit. When the interest of management of the organization and the interest of shareholders of the organization do not match or align very well. For example, newly hired managers’ performance may be reviewed periodically, as a result, managers may be interested in running the organization to generate profit in the short run whiles shareholders may be interested in the performance of the company in the long run. Hirsh (2010), explained that agency problems in business world also come about when agents are not inclined to do what shareholders or owners of the company want them to do.
In business world, agency can lead to many
Hide Navigation
Homework Overview Print this page Help on this page
Name LP1
Due 01/21/14 11:59pm
Last Worked 01/22/14 5:23pm
Current Score 92% (46 points out of 50)
This homework will not affect your Study Plan score.
Late Submission Penalty 10% deducted per day from questions completed after due date
Number of times you can complete each question: 3
Alert Until your attempts are used up, changes WILL affect your score. Go to Results to review your work.
Questions: 4 Scored: 4 Correct: 3 Partial Credit: 1 Incorrect: 0
Correct Question 1 (10/10)
Correct Question 4 (13.50/15) Partial Credit Question 2 (7.50/10)
Correct Question 3 (15/15)
OK
To see what to study next, go to your Study Plan.
This course is based on Gitman/Zutter: Principles of Managerial Finance, 13e
Copyright 2014 Pearson Education
QWKEFJPLAgency problem exist practically in all organization; church, club, business or government. Agency problems arise when people who are given the mandate to look after organizations on behalf of shareholders or principals use their power for their own interest or benefit. When the interest of management of the organization and the interest of shareholders of the organization do not match or align very well. For example, newly hired managers’ performance may be reviewed periodically, as a result, managers may be interested in running the organization to generate profit in the short run whiles shareholders may be interested in the performance of the company in the long run. Hirsh (2010), explained that agency problems in business world also come about when agents are not inclined to do what shareholders or owners of the company want them to do.
In business world, agency can lead to many