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Question 11 Which one is false? The agency is defined as a relationship by consent between two parties, whereby one party agrees to act on

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Question 11 Which one is false? The agency is defined as a relationship by consent between two parties, whereby one party agrees to act on behalf of the other O Agency theory assumes that a conflict of interest exists between the owners of a firm and the managers Generally agency costs of a firm are not controlled by firm itself Financial reporting should provide the information for the potential agency costs of the firm

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