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What is the overriding responsibility of the financial manager according to the textbook? 2. What is the Principal Agent problem (Or Agency Conflict, Agency Costs)

  1. What is the overriding responsibility of the financial manager according to the textbook?

2. What is the Principal Agent problem (Or Agency Conflict, Agency Costs) , and why is it important in finance? How does our current business world attempt to mitigate agency costs?

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