Which one of the following is a means by which shareholders can replace company management?

Which form of business structure is most associated with agency problems?    A.  sole proprietorship B.  general partnership C.  limited partnership D.  corporation E.  limited liability company Refer to section 1.4

48.

Which one of the following is an agency cost?    A.  accepting an investment opportunity that will add value to the firm B.  increasing the quarterly dividend C.  investing in a new project that creates firm value D.  hiring outside accountants to audit the company's financial statements E.  closing a division of the firm that is operating at a loss Refer to section 1.4

49.

Which one of the following is least likely to be an agency problem?    A.  increasing the size of a firm B.  concentrating on maximizing current profits C.  closing a division with net losses D.  increasing the market value of the firm's shares E.  obtaining a patent for a new product Refer to section 1.4

50.	Which one of the following is a means by which shareholders can replace company management?    A.  stock options B.  promotion C.  Sarbanes-Oxley Act D.  agency play E.  proxy fight Refer to section 1.4

51.	Which one of the following grants an individual the right to vote on behalf of a shareholder?    A.  proxy B.  by-laws C.  indenture agreement D.  stock option E.  stock audit Refer to section 1.4