Which of the Following Statements Is True of the Agency

Which of the following statements is true of the agency problem facing the modern public corporation?

A) It arises when a corporation hires a private agency to conduct audits of its business practices.
B) It arises when a government agency is assigned with the task of identifying corrupt practices by a corporation.
C) It arises as a consequence of the separation of ownership and control in the corporation.
D) It arises as a consequence of the managers of the corporation focusing on enhancing shareholder value.