In their relationship with stockholders, a firm's managers act
A) as agents.
B) as principals.
C) in loco parentis.
D) as proprietors.

Name: In their relationship with stockholders, a firm's managers act A) as agents. B) as principals. C) in loco parentis. D) as proprietors.
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Question

Quizplus · Accepted Answer

Managers act as agents for the stockholders, who are the principals. They are responsible for making decisions that are in the best interest of the stockholders.

In Their Relationship with Stockholders, a Firm's Managers Act