Separation of ownership and control creates an agency problem when an agent pursues goals that conflict with the principals' goals. principals establish and use governance mechanisms to control this problem. a. true b. false

The movement of an economy from one condition to another and back again

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n. v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):