Question: 24. Agency problem (Principal-agent problem) arises when A. the shareholders and the manager have different objectives B. the bondholders and shareholders have different objectives. C.

the manager have different objectives B. the bondholders and shareholders have different

24. Agency problem (Principal-agent problem) arises when A. the shareholders and the manager have different objectives B. the bondholders and shareholders have different objectives. C. The firm is unable to open a new agency. D. A and B E. A, B, and C

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