when an individual, business or government plans than there is revenue available to pay for the spending

Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

Which of the following is not an example of one of the four mail advantages of prices on a free market economy