Which of the following statements is NOT correct?
A)Managers may be tempted to make decisions that are in their own best interests rather than shareholder interests.
B)Directors of a bank determine whether loan applications should be approved.
C)To prevent agency problems, some banks provide stock as compensation to managers.
D)The underlying goal behind the managerial policies of a bank is to maximize the wealth of the bank's shareholders

Question

Which of the following statements is  NOT correct?
A)Managers may be tempted to make decisions that are in their own best interests rather than shareholder interests.
B)Directors of a bank determine whether loan applications should be approved.
C)To prevent agency problems, some banks provide stock as compensation to managers.
D)The underlying goal behind the managerial policies of a bank is to maximize the wealth of the bank's shareholders

Quizplus · Accepted Answer

The Answer is B

Which of the Following Statements Is NOT Correct