Question
1- As applied to compensation structures in partnership, in principal-agent theory the sponsor is said to be the agent and the limited partner the principal.
1- As applied to compensation structures in partnership, in principal-agent theory the sponsor is said to be the agent and the limited partner the principal. This means...
A - the limited partner works for the sponsor.
B- the sponsor works for the limited partner.
C - the limited partner receives preference in the distribution of cash flows.
D - the sponsor receives preference in the distribution of cash flows
2 - In general, the least expensive form of funding for investment is...
A - equity
B - preferred equity
C - mezzanine debt
D -senior mortgage debt
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