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QUESTION
Which of the following best describe the agency relationship in a corporation?
Which of the following best describe the agency relationship in a corporation?
Select one:
a. Shareholders act as the agent in a corporation and the management acts as the principle.
b. Shareholders act as the principle in a corporation and the board of directors act as the agent.
c. The management acts as the agent in a corporation and the board of directors act as the principle.
d. Shareholders act as the principle in a corporation and the management acts as the agent.
