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Define the concept of agency problems and cite three examples of such problems. Multiple choices are: it is when a principal is unsatisfied with an
Define the concept of agency problems and cite three examples of such problems.
Multiple choices are:
it is when a principal is unsatisfied with an agent | ||
it is when there is a potential conflict of interest between the principal and the agent | ||
asset substitution and underinvestment are agency problems | ||
employees not working when they are supposed to be working is an agency problem | ||
A and B | ||
A and C | ||
A and D | ||
B and C | ||
B and D | ||
C and D | ||
all but A | ||
all but B | ||
all but C | ||
all but D | ||
all are true |
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