An Employer and Employee relationship is an example of a principal and agent relationship with an employer as principal and employee as agent.A) TrueB) Fals
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- how can you relate the compensation design with a principal agent relationship in a firm? what cost does ESOPs ( employee stock options) tend to reduce, explain and why is there a need to reduce these costs?Number 4 In 1924, Kleenex tissue was invented as a means to remove cold cream. The product was initially backed by a series of advertisements that included endorsements from the era's Hollywood stars, like Helen Hayes and Jean Harlow. After studying customer usage habits, however, the manufacturer (Kimberly-Clark) realized that many customers were using the product as a disposable handkerchief. The company switched its advertising focus, and sales more than doubled. Kimberly-Clark faced a significant challenge in trying to grow and defend its new product. At its core, Kleenex is simply tissue paper, a product that is not particularly difficult to replicate. As others in the consumer packaged goods industry saw the profits available from producing disposable handkerchiefs, they moved into the market. Kimberly-Clark management resorted to series of actions to obtain and maintain the leadership role in this industry. The actions included creating an innovative use for a relatively common…Please do not give solution in image format thanku Joe’s Java has three different workstations: one for drip coffee, one for espresso drinks, and one to prepare food. During the morning rush, Joe has 5 people working: one person at the drip coffee station, two at the espresso station, and two at the food prep station. These employees are not cross trained, and thus must stay at their station. On average, it takes the person at the drip coffee station 1 minute to make the coffee. On average, it takes one person working at the espresso station 3 minutes to make one espresso drink. On average, it takes one person working at the food station 4.5 minutes to prepare the food for one customer. The customer mix is as follows. 10% order just a drip coffee, 30% order a drip coffee and food, 35% order just an espresso drink, and 25% order an espresso drink plus food. A total of 40 customers/ hour frequent Joe's Java. What is the implied utilization at the espresso station? Provide your answer in…
- In a company, the interest of the owners, who seek to maximise profits, may differ from the interest of the manager, who seek prestige and high income. this divergence would be considered:Sonia is planning to start a new designer cloth shop. Her problem is to decide how large her shop should be.The annual returns will depend on both the size of her shop and a number of marketing factors related to thecurrent market conditions and demand for designer wear. After a careful analysis, Sonia came up with thefollowing tableSize of Shop Good Market (R.O.) Fair Market (R.O.) Poor market (R.O.)Small Scale 1024 9765 −500Medium Scale 1500 3000 −2000Large Scale 2000 3000 −4000Very Large Scale 3000 5000 −7000a) What will be her decision based on Pessimist criteria? b) What will be her decision based on Optimistic criteria? c) What will be her decision based Laplace criteria?Please respond to the following prompt in at least 350 words: Dean Brothers Corp. owns and operates a steel-drum manufacturing plant. Lowell Wyden, the plant superintendent, hires Best Security Patrol, Inc. (BSP), a security company, to guard the property to "deter thieves and vandals." Some BSP security guards, as Wyden knew, carried firearms. Pete Sidell, a BSP security guard, was not certified as an armed guard but nevertheless took his gun to work. While working at the Dean Brother's Plant on October 31, 2014, Sidell fired his gun at Tyrone Gaines, in the belief that Gaines was an intruder. The bullet struck and killed Gaines. Gaines' mother filed a lawsuit claiming that her son's death was the result of BSP's negligence, for which Dean Brothers Corp. was responsible. (see liability in Agency Relationships). 1) What is the plaintiff's best argument to establish that Dean Brother's Corp. is responsible for BSP's actions? 2) What is Dean Brother's Corp. best defense?
- An automobile manufacturer wants to understand the factors influencing car sales. The company gathers data on variables such as price, advertising expenditure, and consumer income. Econometric models are used to analyze how these variables affect car sales, aiding in strategic decision-making. In this context, econometrics is used for:A) Product designB) Understanding sales determinantsC) Assessing employee performanceD) Planning corporate events Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.1. The old adage “time is money” comes into play here, too, as saving time is often tantamount to reducing costs. (10 sentences) 2. Downside of cost cutting or cost minimization (10 sentences) 3. What is Budget Vs. Actual? Why is it Important? What Causes the Variance? What is the implication of having a good variance-analysis in the company? (10 sentences)Question 9 Which of the following is true in the principal agent model?1. The agent has more information and may shirk by behaving in a way contrary to the principal's interest. 2. The principal has less information and may shirk by behaving in a way contrary to the agent's interest. 3.The principal has more information and may shirk by behaving in a way contrary to the agent's interest. 4.The agent has less information and may shirk by behaving in a way contrary to the principal's interest.
- Suppose a firm is considering investing $20 million in a new marketing campaign. If the price is$65,000/vehicle, they estimate they would sell an additional 2,000 vehicles; If the price is $50,000/vehicle they estimate they would sell an additional 3,000 vehicles. Calculate the company’s profits under both scenarios.An accounting firm uses partners and staff to produce an audit. The quality of the audit (as measured by reduction in litigation liability and the likelihood of audit errors) is a function of the composition of the audit team. In particular, r = p0.2 50.4 where r is the audit quality, Pis the partner-hours devoted to the audit, and Sis the staff-hours devoted to the audit. Notice that both partners and staff are essential for audit quality, and that audit quality increases in the amount of either, but at a decreasing rate. The cost of a partner-hour is 50 while the cost of a staff-hour is 5. The budget for this audit is 5000. How many partner and staff hours will the accounting firm choose to maximize quality subject to this budget constraint?Which of the following is true of an agent's duty to a principal? a.) An agent owes a principal the disclosure of any confidential information about the agent. b.) An agent owes a duty to ensure that a principal is not hurt by the agent's actions. c.) An agent owes a principal his or her best effort to complete all tasks no matter how difficult. d.) An agent owes a duty to perform with allegiance to a principal's interests.