Multiple Choice
If a manager does not own stocks in the firm he is running:
A) he cannot be considered a bona fide manager.
B) he is not a residual claimant.
C) he still is a residual claimant since he has a say on how firm's resources are used.
D) he is called a lame duck manager.
Correct Answer:
Verified
Correct Answer:
Verified
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