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Basic Question 2 of 9

The agency theory can be applied in the relationships between ______.

I. stockholders and senior management
II. top management and lower levels of management
III. stockholders and debtholders

User Contributed Comments 1

User Comment
zriddle Its all about delegating authority
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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

describe the principal-agent relationship and conflicts that may arise between stakeholder groups

CFA® 2024 Level I Curriculum, Volume 2, Module 3.