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14 The principal-agent problem arises when TI out of Select one: a. a firm is organized as a sole proprietorship b. managers serve on a

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14 The principal-agent problem arises when TI out of Select one: a. a firm is organized as a sole proprietorship b. managers serve on a firm's board of directors c. the owners of the firm are not the people managing the firm d. the owners of the firm also manage the firm 15 Institutional investors are professional investors who work on behalf of individuals, business, and government. Select one: out of True False n

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