Listed below are a number of actions that could be taken by managers within the context of Obj. 1 an owner/agent relationship. For each decision, determine whether an agent's actions are consistent with the best interests of owners who hired them. For each situation in which managers appear to act in their own interests, identify the economic benefits received.

- Currently, the company cannot produce enough goods to meet demand. Managers acquire additional assets to expand production.

- The marketing vice president authorized funds to remodel marketing department office space. He justified the lavish furnishings as a necessary investment to ensure the company projects a successful image.

- Managers hired additional research scientists to ensure the company's products remain technologically competitive in the future.

- Soon after the new vice president of finance arrived, she implemented plans to improve the company's visibility in the financial community. As such, the new vice president often was seen at the country club shooting 18 holes with community bankers.

- The production manager will receive a bonus if the quality and quantity of products manufactured during the quarter exceed targets by a certain percentage. The production manager understands the production processes better than higher-level managers and sets the targets at easily attainable levels.