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
:
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.
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