Agency problem
Agency problem also known as agency costs occurs in a two-party relationship (principal/agent) where the agent is expected to act or make decisions for the good of the principal.
For example in a corporate the relationship between the management and shareholders. The management is expected to make decisions that will maximize shareholders interest. The problem arises when the two parties have different interests. In the example above the manager may opt to make his own wealth and not act in the company’s best interest which could be maximizing company’s market value.
Examples of agency relationship in finance
Managers/stockholders
Managers/Creditors
Causes of conflicts between managers and stockholders may include;
Remuneration - low remunerations or fixed salaries despite increased profit margins.
Differences in risk profile- stockholders may prefer high-risk return investments contrary to the managers. When high-risk investment go bad the manager risks job loss
Manipulation of accounting systems- to reflect high profits.
Unnecessary perks management award themselves.
Solution to these problems include threat for firing in case of poor performance, shareholders may also threaten to sell the company, remuneration based on performance, incurring agency costs-these are costs incurred while hiring external auditors, setting a control system, legal costs for employment letters and contracts.
Agency problem may be reduced by motivating the manager to act for the companies best interest by offering incentives
<span> </span>
This is a true statement, I believe.
Hope this helps, and happy studying~!
~{Dunsforhands}
Answer:
a, 8
b, 3
Explanation:
If the pedigree you are referring to is the one that is attached then the answer would be:
A pedigree shows how a trait is passed on throughout generations. Like it says in the question, the squares represent males. If the square isn't shaded in, then that means they are unaffected by the trait or normal. If it is shaded, they are affected.
All you need to do for the first question is count the number of squares you see in the whole pedigree. In this case, there are 8.
The second one is asking how many are affected, or have hemophilia. You need to count the number of squares that are shaded in. In the pedigree, we see 3.
The vacuole is the cell part that hold extra raw material
