The conflict between the goals of a firm’s owners and the goals of its non-owner managers is
A. the agency problem.
B. incompatibility.
C. serious only when profits decline.
D. of little importance in most large U.S. firms.
Answer:A
The conflict between the goals of a firm’s owners and the goals of its non-owner managers is
A. the agency problem. B. incompatibility. C. serious only when profits decline. D. of little importance in most large U.S. firms.