Agency costs are _______ costs that are paid to ____ acting on behalf of the principal to minimise the conflict of interests between the two parties. Group of answer choices a) internal, shareholders b) external, shareholders c) internal, managers d) external, managers

Agency costs are ___ costs that are paid to acting on behalf of the principal to minimise the conflict of interests between the two parties. Group of answer choices a) internal, shareholders b) external, shareholders c) internal, managers d) external, managers

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter1: The Role And Objective Of Financial Management

Section: Chapter Questions

Problem 8QTD

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Question

Q5) Agency costs are _______ costs that are paid to ____ acting on behalf of the principal to minimise the conflict of interests between the two parties.

Group of answer choices

a) internal, shareholders

b) external, shareholders

c) internal, managers

d) external, managers

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