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    Principles of Corporate Finance Study Set 2
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    Exam 12: Agency Problems Compensation and Performance Measurement
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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 11

Question 11

Multiple Choice

In the principal-agent framework, the ultimate principals are


A) managers and a board of directors only.
B) governments only.
C) shareholders only.
D) managers, a board of directors, and shareholders.

Correct Answer:

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