Managers ability to deviate from the profit maximization objectives of owner investors is limited byy

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    the possibility of a takeover bid when a firm is seen as poorly managed but having profit potential.
     managers can be ousted by owners or the board of directors when owners believe managers are performing poorly.
     the highly developed market for managers that rewards high performers, and so encourages managers who maximize profits for the owners.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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All of the above.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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