Agency Problems Can Least Be Controlled By

question 24

Multiple Choice

Agency problems can least be controlled by:

• A) establishing good internal controls and procedures.
• B) designing compensation packages that align manager's goals with those of the shareholders.
• C) corporate governance.
• D)electing senior managers to the board of directors.

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Definitions:

Zoning Ordinances

Local government laws that dictate how property in specific geographic zones can be used.

Eminent Domain

The right of a government to seize private property for public use, with fair compensation to the owner.

Real Property

A category of property that includes land and anything permanently attached to the land, like buildings or homes.

Life Estate

A type of property ownership or interest that lasts for the lifetime of the individual holding it, after which it passes to another designated party.