Answered: All of the costs associated with a…

All of the costs associated with a principal interacting with an agent are called Group of answer choices opportunity costs. agency costs. monitoring costs. screening costs. sunk costs.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter21: Getting Employees To Work In The Firm’s Best Interests

Section: Chapter Questions

Problem 1MC

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Question

All of the costs associated with a principal interacting with an agent are called

Group of answer choices

opportunity costs.

agency costs.

monitoring costs.

screening costs.

sunk costs.

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