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    Exam 6: Market Failures and Incentive Issues Inside the Firm
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    The Board of Directors and the CEO
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The Board of Directors and the CEO

Question 11

Question 11

Multiple Choice

The board of directors and the CEO


A) do not have a principal/agent relationship.
B) are agent and principal, respectively.
C) are principal and agent, respectively.
D) are one in the same for small corporations.

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