Question: Question 11 Which one is false? The agency is defined as a relationship by consent between two parties, whereby one party agrees to act on

Question 11 Which one is false? The agency is defined as

Question 11 Which one is false? The agency is defined as a relationship by consent between two parties, whereby one party agrees to act on behalf of the other O Agency theory assumes that a conflict of interest exists between the owners of a firm and the managers Generally agency costs of a firm are not controlled by firm itself Financial reporting should provide the information for the potential agency costs of the firm

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