What, if any, would be the advantage of using a non-articulated approach to financial
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What, if any, would be the advantage of using a non-articulated approach to financial
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- What are the problems encountered by the financial system? What is/ are assessment to these problems?Why is the application of fair value principle in measuring the financial position less objective than that of the cost principle? Illustrate with an example the necessary condition for fair value measurement to become more objective.Define and explain the agency problem in terms of differences in ability to diversify risk by finance and human capital. Why does it arise? What are the mechanisms available to ameliorate the agency problem?