1) "In relation to the Horizon problem in owner-manager relationships, the following is true, except." a) The manager will act to secure income and wealth during the period of his or her employment. b) Arises because of a difference in the time period in focus between managers and owners. c) Managers generally adopt a shorter horizon than that of shareholders in making decisions about various courses of action the company may take. d) Managers generally take a long-term focus while owners take a short-term focus