If the managers of a private firm perform poorly,each owner has the option of _____

Question

Quizplus · Accepted Answer

If the managers of a private firm perform poorly, the best option for each owner is to sell his or her share of the firm. This way, the owner can avoid further losses and invest in a more profitable venture. Closing down the firm, managing it oneself or herself, not paying taxes on the little profit one receives, or selling off some of the equipment of the firm may not be the best options, as they may result in more losses and legal complications.

If the Managers of a Private Firm Perform Poorly,each Owner