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Explain what is meant by agency relationships and agency costs. Explain why management may tend to pursue goals other than shareholder wealth maximisation. Compare the
- Explain what is meant by agency relationships and agency costs.
- Explain why management may tend to pursue goals other than shareholder wealth maximisation.
- Compare the potential for agency problems in sole proprietorship, partnerships, and corporations.
- How can agency problems be reduced? Please provide three possible solutions.
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