Agency theory assumes that managers:
a. Have a responsibility to the owners.
b. Are agents who are opportunistic and engage in self-serving activities.
c. A and B above.
d. Can be left to their own devices.
e. Are effective steward of the owners' interests.

Question

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The Answer of Agency theory assumes that managers:
a. Have a responsibility to the owners.
b. Are agents who are opportunistic and engage in self-serving activities.
c. A and B above.
d. Can be left to their own devices.
e. Are effective steward of the owners' interests.

Agency Theory Assumes That Managers