Which one of the following stWhich one of the following statements is TRUE? Group of answer choices An example of an agency cost is the salary of the agent hired to work for the principal. An example of an agency cost is when an attorney hires an expert witness for a trial. The commission required by the Federal Housing Agency for a small business loan is an example of an agency cost. An example of asset switching is when a company borrows for a new manufacturing facility but then uses it to repurchase its own stock.atements is TRUE? Group of answer choices Management is said to be entrenched when the senior managers are consuming excessive