CFA Practice Question

There are 233 practice questions for this study session.

CFA Practice Question

In the principal-agent framework, the ultimate principals are ______.

A. managers
B. the board of directors
C. shareholders
Correct Answer: C

User Contributed Comments 1

User Comment
Antoinepo Shareholders are the principal of the board of directors which are the principal of managers which are the principal of typical agent.
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