35. The process whereby corporate managers attempt to maximize and protect their own turf within the firm is called:

a. empire building

b. market share maximization

c. turf gathering

d. organized theft

e. all the above are labels for such a process

36. The fundamental problem of separation of ownership from control is:

a. assessing the firm's strengths and weaknesses.

b. appropriately incentivizing and informing the decision-makers within the firm.

c. determining the relevant market for each product the firm produces.

d. preventing empire building within the firm.

e. b and d only

37. The separation of ownership from control within a corporation is also known as:

a. the tendency to overbuild principle.

b. the principal agent problem

c. the survival of the corporate fittest

d. the manager-rotation problem.

e. a and c only.

38. The term "Adverse Selection" Is also known as:

a. moral hazard.

b. a post contractual information problem.

c. an implicit contract.

d. a pre contractual information problem.

e. none of the above.

39. Which of the following is a manager owner conflict:

a. moral hazard.

b. choice of work effort.

c. residual loss of contracting.

d. all the above.

e. none of the above.

40. Corporate Culture includes all the following except:

a. role models.

b. language requirements for communicating with customers.

c. social rituals.

d. company slogans.

41. When changing a firm's architecture managers should be particularly aware of:

a. when shareholders are notified of the change.

b. the company's plans for future expansion.

c. what shareholders think of the planned change.

d. how resistant employees may be to the proposed change.

e. none of the above.