Identify all of the correct statements:
a. to motivate managers in non-profit firms, no employee incentives are needed
b. managers naturally seek to maximize shareholders' wealth
c. managers act in their own interests, and so there is no way to align their interests with those of the owners
d. to align the interests of managers and owners, owners must design systems to monitor and reward management behavior that increases the firm's profits
e. none of the answers are correct

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.

In a recent annual report, apple computer reported the following in one of its disclosure notes: "warranty expense: the company provides currently for the estimated cost for product warranties at the time the related revenue is recognized." this note exemplifies apple's use of: (a) conservatism.(b) matching. (c) realization principle. (d) economic entity.

When making a major purchase, i often spend months to learn all the issues?