Define and explain in your own words the concept of an, Financial Management

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Define and explain in your own words the concept of an

Define and explain in your own words the concept of an optimal contract.

Multiple choices are:

an optimal contract minimizes total agency costs

an optimal contract takes into account monitoring costs

an optimal contract takes into account misbehavior costs

an optimal contract takes into account contracting costs

A and B

A and C

A and D

B and C

B and D

C and D

all but A

all but B

all but C

all but D

all are true

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