17. Which type of risk can be eliminated through diversification? a. total risk b. market risk c. firm specific risk d. none of the above 18. Maximizing profit is enough for managers. It is not necessary to maximize shareholder wealth a. True b. False 19. Managers are the agent of the shareholders (who are the principal). The phenomena that the managers fail to serve the best interest of shareholders are referred to as an agency problem. a. True b. False 20. Money markets are the markets for securities that mature in less than 1 year. a. True b. False