If the entrepreneur is also the manager of the firm, we would expect A. the manager...
If the entrepreneur is also the manager of the firm, we would expect
A.
the manager to work hard because he or she is also the residual claimant.
B.
the manager to not work hard since there is no possibility of further advancement.
C.
the firm to operate poorly because the entrepreneur is not as good at managing workers as a professional manager would be.
D.
the firm to operate poorly because the specialization of labor is not adequate.
Homework Answers
Answer - Option A
The manager to work hard because he or she is also the residual claimant.
In both the roles , the goal will be the maximum progress
The firm will not necessarily operate poorly
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