Workers and owners would cooperate for profit
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.
i do not understand the question can you explain?
After a procedur has been completed, some questions can be asked to help evaluate the results. Here are these questions:
1. Were the steps completed in order?
- This is important to ask because it may be necessary to change the order the next time the procedure is done.
2. What could be done differently in the future?
- This is important to ask because it can find problems with the procedure that was done to improve for the next one.
3. Was the expected outcome reached?
- If the expected outcome wasn't reached maybe the procedure shouldn't be repeated. Unless of course the surprise outcome was something good.
