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the market for corporate control serves as a means of governance when a. internal controls have failed. b. the top management team's interests and the owners' interests are aligned. c. the firm is overpriced in the market. d. the corporation has greatly exceeded performance expectations.

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The market for corporate control serves as a means of governance when internal controls have failed. Option A

What are internal controls?

Generally, An entity's board of directors, management, and other people are the ones who carry out the process of internal control.

This process is aimed to offer reasonable confidence that information is trustworthy, accurate, and timely. pertaining to conformity with the relevant rules, regulations, contracts, policies, and procedures.

Read more about internal controls

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