Which of the Following Is a Valid Criticism of the Economics-Based

question 10

Multiple Choice

Which of the following is a valid criticism of the economics-based rationality argument that asserts that credible information will be supplied in the absence of regulation,by aligning management's self-interest with that of the owners and lenders,thereby reducing the cost of capital?

• A) The arguments do not follow logically.
• B) The arguments do not have historical support.
• C) The assumptions of management self-interest is too pessimistic.
• D) The argument has no empirical support.

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