Problem Set 1
Due September 12, 2007
I. Provide a brief description of each of the following concepts.
Agency Costs – In any organization in which there principals and agents, there will be
issues in which both parties don’t agree on. Wh
Matt Cantor Pam 334 Problem Set 2 Due : October 12, 2007 Part 1 1. False The business judgment rule is a legal doctrine that absolves managers from liability for poor results if the managers exercised "proper business judgment." Thus, managers shou