Agency Costs Can Be Thought of as the Loss in the Value

Multiple Choice

Agency costs can be thought of as the loss in the value of a firm resulting from the following actions by managers:

A) reduced effort, perks or private benefits, and avoiding risks.
B) reduced effort, perks or private benefits, and entrenching investments.
C) reduced effort, perks or private benefits, empire building, and entrenching investments.
D) reduced effort, perks or private benefits, empire building, entrenching investments, and avoiding risks.