Identifying agency problems, costs, and resolutions Explain why each of the the problem might be dealit with short of firing the individual(s) involved the firm might result from t. Suggest how following situations is an agency problem and what costs to a. The front desk receptionist routinely takes an extra 20 minutes of kunch time to run personal errands b. Division c. The firm's chief executive officer has had secret talls with a competitor d. A branch manager lays off experienced full-time employees and staffs customer service branch profit. The manager's bonus is based on profitability managers are padding cost estimates so as to show short-term efficiency g ins when the costs come in lower than the estimates about the possbility of a merger in which she would become the CEO of the combined firms postions with part-time or temporary workers to lower employment costs and raise this years a. The front desk receptionist routinely takes an extra 20 minutes of lunch time to run personal errands W y solution for the agency problem in this case? (Choose all correct responses.) hich of the following statements correcty identies the cost and possible or A. The front desk receptionist is being compensated for unproductive time O B. ? C D. The company could install a time dlock that would result in ether (1) her returning on time or (2) reducing the cost to the frm The management could bring the stuation to the attention of the receptionist The extra emphasis on meeting her duties may be all that is required The company should do nothing Any attempt to solve the problem would lkely create an unhappy employee and only make the situation worse