A good incentive-compensation scheme a. Maximizes the agents utility. b. Anticipates how an agent will game the
Question:
A good incentive-compensation scheme
a. Maximizes the agent’s utility.
b. Anticipates how an agent will game the scheme.
c. Does not subject a risk-averse agent to risk.
d. Accompanies centralized decision-making authority.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
B Anticipates how an agent w...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Managerial Economics
ISBN: 9781337106665
5th Edition
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward
Question Posted:
Students also viewed these Business questions
-
Multiple choice questions: 1. A good compensation scheme: A. Maximizes the agent's utility. B. Anticipates how an agent will game the scheme. C. Does not subject a risk-averse agent to risk D....
-
André gets utility from playing laser tag and reading books. Each week, André spends his entire $100 paycheck on both goods. One hour of laser tag costs $20; a book costs $10. a. Graph...
-
Suppose that Central High School has preferences that can be represented by the utility function U(C,X) = CX2. Let us try to determine how the various plans described in the last problem will affect...
-
Calculate the heat required to raise 50 kg of solid sodium carbonate (Na2CO3) from 10C to 50C at 1atm using (a) The true heat capacity of Na2CO3, which is 1.14 kJ / (kg C). (b) A heat capacity...
-
Explain why many cyano complexes of divalent transitionmetal ions are yellow, whereas many aqua complexes of these ions are blue or green.
-
What is a spread sheet package?
-
Roscoe, public accountant, has completed the exami nation of the financial statements of Excelsior Corporation as of and for the year ended December 31, 2001. Roscoe also examined and reported on the...
-
Drilling Innovations, Inc., produces specialized cutting heads used by companies that drill for oil and natural gas. The company has recently implemented an ABC system for three of its products and...
-
We are evaluating a project that costs $845,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected...
-
Botburry Sheet Company offers all employees a defined-benefit pension plan. At the end of the current year, Botburrys pension plan trustee reported the following information regarding the changes in...
-
Describe a moral hazard problem your company is facing. What is the source of the asymmetric information? Who is the less-informed party? Are there any wealth-creating transactions not consummated as...
-
Describe a job compensated with incentive pay in your company. What performance evaluation metric is used, and how is it tied to compensation? Does this compensation scheme align the incentives of...
-
Write the first five terms of the sequence whose first term is 9 and whose general term is an an-1 2 3an-1+5 if an-1 is even if an-1 is odd
-
What is the Wasson SE Process Model?
-
How do SEs bound each mission phase of operation and establish criteria for triggering the next phase? Why is it important to bound phases of operation? What occurs if you do not bound each phase of...
-
What is the relationship between baselines and the Developmental Configuration?
-
Describe the Spiral Development Model, its characteristics, and shortcomings.
-
What is a COTS product?
-
Why would a time study analyst who is hard of hearing have difficulty in performing a time study?
-
You continue to work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per- store daily customer count (i.e., the mean number of customers...
-
A few years ago, a construction manager earning $70,000 per year working for a regional home builder decided to open his own home building company. He took $100,000 out of one of his investment...
-
Multiple-Choice Questions 1. A company is producing 1,000 units. At this output level, price is $1.50, and marginal revenue is $1.25. Average total cost is $1.10, and marginal cost is $1.40. What can...
-
Amazons autobot recently recommended a book to one of us titled Quality Maintenance: Zero Defects through Equipment Management. The books description is Achieve zero-defect product quality by...
-
It is estimated that US companies lose what percent of their annual revenues to fraud? O b. 5% c. 10% O d. 15% a. 2%
-
Chapter 9 Question 2: Which variances require the Master (Planning) Budget to calculate? a. Total Profit Variance and Sales Volume Variance b. Total Profit Variance and All Variable Cost variances c....
-
Chapter 5 - Ratio Analysis - HW Hospitality Industry Managerial Accounting, 8 th Edition ( R . S . Schmidgall )
Study smarter with the SolutionInn App