Answer:The agency problem is a conflict of interest inherent in any relationship where one party is expected to act in another's best interests. In corporate finance, the agency problem usually refers to a conflict of interest between a company's management and the company's stockholders.
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The important concept that best exemplifies what Mike values for his employees is: affirmative commitment.
<h3>What is Affective Commitment?</h3>
Affective commitment is a concept that describes the tendency of employee's to be emotionally attached to the organization they work for, most especially when they feel their personal values and priorities align with that of the organization's mission and ideals.
Thus, the important concept that best exemplifies what Mike values for his employees is: affirmative commitment.
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