Question: In business there is a tension between the principals stockholders

In business, there is a tension between the principals (stockholders) and agents (managers). The managers may choose policies that increase short-term profitability (and their bonuses) at the expense of long-term profitability. Describe why the same types of problems may exist in government as well, where elected officials are the agents and voters are the principals.

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  • CreatedApril 25, 2015
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