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Which of the following best describes the agency relationship in a business setting? a. Stockholders are the agents of the bondholders. b. Management are the

Which of the following best describes the agency relationship in a business setting?

a.

Stockholders are the agents of the bondholders.

b.

Management are the agents of the employees.

c.

Bondholders are the agents of management.

d.

Management are the agents of the stockholders.

e.

Stockholders are the agents of the employees.

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