1. The principal-agent problem a. occures when managers have more incentive to maximize profits than...
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Accounting
1. The principal-agent problem
a. occures when managers have more incentive to maximize profits than the stockholders-owners do
b. would not arise if the owners of the firm had complete information about the activities of the managers
c. in financial markets helps to explain why equity is a relatively important source of finance for American businesses
d. all of the above
e. only A and B of the above
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