Which of the following statements is true? - 488

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Request Description

Which of the following statements is true?

A. The difference between the value of one action and the value of the best alternative is called an opportunity cost.

B. An agent-manager can never make bad decisions.

 C. A security is a claim issued by a firm that pays owners interest but not dividends.

D. A call option analyzes conflicts of interest and behavior in a principal-agent relationship. 

Solution Description

Which of the following statements is true?

A. <