What is the agency problem

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Question: 1. What is the agency problem, and how might it impact the goal of maximization of shareholder wealth?

2. List the key advantages and disadvantages of a

(a) sole proprietorship,

(b) partnership, and

(c) corporation.

3. Show the differences between organizational forms using the following criteria:

(a) number of owners,

(b) liability for firm's debts,

(c) change in ownership dissolves the firm, and

(d) taxation.

Reference no: EM131487867

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