In Countries That Have Weak Formal Legal and Regulatory Institutions

question 44

Multiple Choice

In countries that have weak formal legal and regulatory institutions, concentrated ownership and control:

• A)​Minimizes the occurrence of principal-principal conflicts.
• B)​Mostly benefits minority shareholders.
• C) ​Minimizes the occurrence of principal-agent conflicts.
• D) ​Are likely to become more diffuse.

---

Definitions:

Tracheal Tubes

A network of air tubes in insects that branch throughout the body for gas exchange.

Spiracles

External respiratory openings in insects and some amphibians and fish, used for breathing.

Organismic Respiration

The process by which living organisms take in oxygen and release carbon dioxide, essential for energy production.

Citric Acid Cycle

A succession of chemical processes that all oxygen-requiring organisms utilize to produce energy, achieved through the oxidation of acetate extracted from carbohydrates, fats, and proteins.