Question: Identify an accurate statement about agency problems. They are mostly faced by sole proprietorships. The managers of a corporation are also called the principals. They

  1. Identify an accurate statement about agency problems.

    They are mostly faced by sole proprietorships.

    The managers of a corporation are also called the principals.

    They occur when the goals of principals differ from those of agents.

    The shareholders of a corporation act as the agents of the principals.

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