True, false, or It depends on . . .? a. Carve-out or spin-off of a division improves

Question:

True, false, or “It depends on . . .”?

a. Carve-out or spin-off of a division improves incentives for the division’s managers.

b. Private-equity partnerships have limited lives. The main purpose is to force the general partners to seek out quick payback investments.

c. Managers of private-equity partnerships have an incentive to make risky investments.

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