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Which of the following is/are true about Agency Problems? I. An indirect agency cost involves cash flowing out of the firm II. Paying salespeople on

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Which of the following is/are true about Agency Problems? I. An indirect agency cost involves cash flowing out of the firm II. Paying salespeople on a commission is an effective way to combat an agency problem III. The CEO of a company cannot cause an agency problem, since he is the leader of the firm Multiple Choice All are False All are True Only I and II are True Only III is True Only II is True

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