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8. How does agency theory (Chapters 2 and 4) differ from the equity theories dis- cussed in this chapter? 9. Does the entity theory or

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8. How does agency theory (Chapters 2 and 4) differ from the equity theories dis- cussed in this chapter? 9. Does the entity theory or the proprietary theory provide a better description of the relationship existing between the large modern corporation and its owners? 10. Why has the entity theory fragmented into two separate conceptions

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