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Managerial entrenchment means that managers ________ and run the firm for their own best interests. Group of answer choices may face little threat of being fired are well compensated are overseen by debt holders are overseen by equity holders

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Answer:

The correct answer is A) may face little threat of being fired.

Step-by-step explanation:

One of the primary characteristics of a good manager is having the ability to be directly involved in the business in order to have full knowledge of the tasks and functions that impact his management. With this in mind, when a full understanding of operations is achieved, the manager is said to have entrenched himself in the position effectively and can focus on problem solving for the proper development of the business. This condition also allows you to direct differently than when you started, and that is that you will have the ability to be guided by your instincts to decide the best way to solve the problems that arise with the business.

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