A reason for having managers rather than shareholders running the business is: Select one: a....
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Accounting
A reason for having managers rather than shareholders running the business is:
Select one:
a. it reduces agency costs.
b. shareholders are more likely to undertake actions that are not consistent with maximising owners wealth.
c. shareholders may be too risk averse.
d. it allows shareholders to diversify by investing in several companies rather limiting their investment to a small number of companies.
e. All of the above.
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