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QUESTION
The quot;agency problemquot; arises when: owners manage the company on their own behalf. there is no separation of ownership and control in a...
The "agency problem" arises when:
owners manage the company on their own behalf.
there is no separation of ownership and control in a company.
managers act in their own interest, rather than in the interest of shareholders.
shareholders act in their own interest, rather than in the interest of the board.
