Answer: See explanation
Explanation:
The agency problem refers to a situation when there's a conflict of interest between the management if s company and the stakeholders of the company. It occurs when agents rather than looking out for the best interest of theur principals look out for their own personal interest.
The agency problem can be mitigated through transparency and also by placing restrictions on what the agency is capable of doing. Compensation should also be linked based on how the agency performs.
The contract should be designed in such a way that it enhances the incentive of the agent to act in the principal's best interest. There should also be a way that agency's are monitored.
August immediately recognized Lily because she knows Lily’s
mother. August already knew the moment Lily arrived that she was Deborah’s
daughter. August was Deborah’s caretaker when Deborah was still young and also
their housekeeper in Richmond, that’s why she knew about Lily.
<span>August did not push Lily to tell her the truth because she
knew that Lily needed more time to gather her thoughts together. Lily’s life
seemed to be in a mess, that’s why August waited for the perfect timing to tell
her of the past and explain it to her.</span>
The correct answer would be C. Written
Hope this helps!
