Adolph Berle and Gardiner Means Argued That Widely Held Corporations

question 23

Multiple Choice

Adolph Berle and Gardiner Means argued that widely held corporations will be run inefficiently by professional managers.Their argument is based on:

• A)inefficient product market structures.
• B)an inefficient market for CEOs.
• C)blockholders' control.
• D)incentive conflicts between shareholders and managers.