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    Exam 12: Agency Problems and Investment
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    In the Principal-Agent Framework, the Ultimate Principals Are
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In the Principal-Agent Framework, the Ultimate Principals Are

Question 38

Question 38

Multiple Choice

In the principal-agent framework, the ultimate principals are
I.managers;
II.board of directors;
III.shareholders;
IV.governments


A) I and II only
B) IV only.
C) III only
D) I, II, and III only

Correct Answer:

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