The primary purpose of the social contract was to reduce liberty.
<h3>What is Contract?</h3>
A "contract" is defined as a legally enforceable agreement between two parties. It is a promise made by the promisor to the promisee to complete the contract's terms.
According to the quotation, a person's inherent liberty was limited in order to not injure another person and to build a peaceful atmosphere by assisting one another.
Therefore, it can be concluded, reduction of the liberty is the main purpose of Thomas Hobbes.
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The correct answer is True
Explanation:
Outlines show the general structure of a text including the main idea (principal point) and the details that explain this idea (supporting idea) by organizing these from more general to more specific. Due to this, creating an outline before writing a text helps the author to better organize the elements of a text. Moreover, an outline shows if the supporting ideas and other details such as examples are connected to the main idea and support it. This is possible by analyzing if each of the supporting ideas helps the author explain the main point or main idea. According to this, the statement is true.
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.
