Which of the following are characteristics of economic agents?a. They participate in economic events, but do not assume control of the resources.b. They participate in economic events, but not in support events.c. Internal agents are employees of the company whose system is being modeled.d. External agents are not employees of the company whose system is being modeled.e. All of the above describe agents.

Q: What is an agent, and what is a principal? Whatkinds of situations in companies give rise to…

A: Agent: The agent is the person authorized by the principal or business to act on behalf of them.…

Q: Explain the following in simple words or explanation: Would scenario planning cause the company to…

A: Scenario analysis or scenario planning is defined as the method that describes the strategic…

Q: Which approach to understanding business processes is conducted from a broad organizational…

A: Method of understanding business means how to get know more about our business , how to do business…

Q: Hi, on what does it depend if this statement is true or false?  "According to the organizational…

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Q: Can a business do without managerial accounting ?

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A: Answer:-  Operations management:- Operations management is a branch of management that deals with…

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A: Financial accounting is the process of documenting, summarizing, and reporting a company's…

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A: Correct answer is option (d) It applies only to top level management.

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A: The objective of this question is to identify the correct reasons why management uses internal…

Q: Which of the following is a characteristic of Managerial Accounting? A) Users include investors and…

A: Managerial accounting -   managerial accounting is the process of - Identification  - measurement…

Q: .controlling c.decision

A: To explain the correct option as,

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A: A cost center is a responsibility center. This statement is True. A cost center is a responsibility…

Q: What is the primary objective of the financial manager? How are they different from other manager

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A: Internal Controls: Internal controls are the controls established within an organization to check…

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A: Agency costs refer to the expenses incurred by a principal-agent relationship due to conflicts of…

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A: As we know that , a management control system (MCS) is a system which collects and uses information…

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Q: Which of the following best describes the potential impact of business risk on Earnings Quality?…

A: Earnings Quality: The earnings quality or quality of earnings refers to the reliability with which a…

Q: What is the main financial goal of managers in an organization? Explain.

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Q: Which of the following is not among the main uses of Activity-Based-Management ABM Select one: O a.…

A: Activity Based Management is a method or procedure of analysing profitability of the company by…

Q: Discuss the agency costs in the Agency Theory in corporate governance and solutions applied thereto.

A: Agency cost: Conflicts regarding the relative priorities between principals and their agents are…

Managing Agency Conflict

Conflict is defined as an act of disagreement between two parties caused by uncertainties between them. The conflict has a negative outcome that affects both parties involved in the argument. Conflict arises when the parties' thoughts do not align or go in opposite directions. Conflicts have negative consequences for both the individual and the business. As a result, it should be avoided.