B) Agency costs are paid by the managers who do not act in the shareholders' best interest.
The goal of the firm's financial managers should be the maximization of the total value of the firm's
The corporation is a legal entity separate from its owners; thus it is possible for the corporation to. continue even upon the death of one or more shareholders. True. Organized stock exchanges provide the benefits of a continuous market, fair security pricing, and. helping businesses raise new capital. True.
B) Agency costs are paid by the managers who do not act in the shareholders' best interest.
The goal of the firm's financial managers should be the maximization of the total value of the firm's
The corporation is a legal entity separate from its owners; thus it is possible for the corporation to. continue even upon the death of one or more shareholders. True. Organized stock exchanges provide the benefits of a continuous market, fair security pricing, and. helping businesses raise new capital. True.