Which of the following is an example of the so called `agency problem' or `agency costs' in a large corporation?

A. managers foregoing value enhancing new projects in order to reduce the risk of being fired

B. managers foregoing salary to improve the firm's earnings

C. managers updating stockholders of problems at the annual stockholders' meeting

Group of answer choices

None of A, B or C.

C only

A only

B only

A, B, and C

Which of the following goals is the most appropriate for financial managers?

I. Maximize short term accounting profits of the firm II. Maximize long term accounting profitability of the firm III. Maximize shareholder value

Group of answer choices

I only

II only

I, II, or III are all equally appropriate and correct

III only