Which two of the following are characteristics of the ‘principal–agent’ problem? (a) Ownership and control in hands of same people. (b) Ownership and control in hands of different people. (c)...

Which two of the following are characteristics of the ‘principal–agent’ problem?

(a) Ownership and control in hands of same people.

(b) Ownership and control in hands of different people.

(c) Shareholders and managers pursue different objectives.

(d) Shareholders and managers pursue same objectives.

(e) Sole traders are the dominant form of business organisation.