All of the following statements about agency problems are true EXCEPT
Select one:
a. agency costs are paid by the managers who do not act in the shareholders' best interest
b. the root cause of agency problems is conflicts of interest
c. agency problems interfere with the goal of maximizing shareholder value
d. agency problems result from the separation of management and the ownership of a firm

Answer rating: 100% (QA)

d agency problems result from the separation of manage... View the full answer