题目
Which of the following is least likely to be true with respect to agency costs and senior management compensation?
选项
A.Equity-based incentive compensation is the primary method to address the problem of agency costs.
B.A well-designed compensation scheme should eliminate agency costs.
C.High cash compensation for senior management, without significant equity-based performance incentives, can lead to excessive caution and complacency.
答案
B
解析
A well-designed management compensation scheme can reduce, but not eliminate, agency costs. 一个设计良好的管理层薪酬方案可以降低但不能消除代理成本。