As Mergers, Acquisitions, and Restructuring Have Increased in Importance, Agency

Multiple Choice

As mergers, acquisitions, and restructuring have increased in importance, agency theory has become more important in assessing whether

A) a stock repurchase should be undertaken.
B) shareholder goals are truly being achieved by managers in the long run.
C) managers are actually agents or only employees of the firm.
D) managers are owners of the company and act the same with the same interests.