Question: The agency problem arises when Multiple Choice 3 1 : 3 3 business owners manage the company on their own behalt there is no separation

The "agency problem" arises when
Multiple Choice
31:33
business owners manage the company on their own behalt
there is no separation of ownership and control in a company.
managers act in their own interest, rather than in the interest of shareholders.
sharehoiders act in their own interest, rather than in the interest of the board.
The "agency problem" arises when Multiple Choice

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