____ information is the situation in which managers have better information about the firm's prospects.
A) Asymmetric
B) Symmetric
C) Perfect
D) Public

Question

Quizplus · Accepted Answer

Asymmetric information refers to a situation in which the two parties involved in a transaction have different levels of information, which can result in one party having an advantage over the other. In this case, the managers have better information about the firm's prospects, giving them an advantage over other stakeholders such as shareholders or investors.

____ Information Is the Situation in Which Managers Have Better