NO.PZ2023090504000027
问题如下：
An analyst is reviewing the governance of several firms and finds that one CEO is deeply involved in political and charitable activities. These activities may cause which of the following misalignments of interests between management and shareholders?
选项：
A.
Entrenchment
B.
Insufficient effort
C.
Self-dealing
解释：
B is correct. The CEO’s external activities could lead to insufficient effort. Managers might spend too little time on their corporate roles due to commitments to political or charitable activities, personal investments, or serving as directors or managers of other firms.
A and C are incorrect, because while they are both examples of misalignments between management and shareholders, they are not the primary concern about management involvement in charitable and political activities, which tend to distract management rather than cause a direct conflict of interest or transaction that is not in shareholders’ interests.
A选项意思不理解。请解答，谢谢