a person who works for a firm, but is not necessarily an owner, is called multiple choice question. a shareholder an agent a sto

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a person who works for a firm, but is not necessarily an owner, is called multiple choice question. a shareholder an agent a sto

ckholder the principal

Business

1 answer:

Vadim26 [7] · Answer 1 · 2023-08-26T08:21:31+03:00

Principal: The person or entity on whose behalf and subject to whose control an agent acts.

Agent: A person who agrees to act on behalf of and instead of his or her principal, subject to the principal's control.

<h3>What is the meaning of the principal-agent problem?</h3>

The principal-agent problem is a conflict in priorities between a person or group and the representative authorized to act on their behalf. An agent may act in a way that is contrary to the best interests of the principal.

<h3>What is a principal-agent relationship?</h3>

The principal-agent relationship is an arrangement in which one entity legally appoints another to act on its behalf. 1 In a principal-agent relationship, the agent acts on behalf of the principal and should not have a conflict of interest in carrying out the act.

To learn more about principal-agent, refer

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