The fundamental characteristic of the corporateform of business organization that gives rise to the need for governance mechanism is: A.the seperation of ownership and control B.mutual agency C.the abuses by professional managers D.the lack of

The fundamental characteristic of the corporateform of business organization that gives rise to the need for governance mechanism is: A.the seperation of ownership and control B.mutual agency C.the abuses by professional managers D.the lack of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The fundamental characteristic of the corporateform of business organization that gives rise to the need for governance mechanism is:

A.the seperation of ownership and control

B.mutual agency

C.the abuses by professional managers

D.the lack of separation of onwership and control

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