Which of the following statements are TRUE? I. Separation of ownership and control is...
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Finance
Which of the following statements are TRUE?
I. Separation of ownership and control is an advantage to be a corporation.
II. Over time, most of the independent directors will have been nominated by the CEO. Even though they have no business ties to the firm, they are still likely to be friends or at least acquaintances of the CEO.
III. Among all types of firms, corporation can have a better access to capital markets.
IV. One should expect that the countries having a common law tradition would do a better job protecting shareholders, creditors, and managers. A) I and II only B) II and IV only C) I, II and IV only D) III and IV only
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