The view taken in agency theory is that there is an inherent conflict between the as
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‘The view taken in agency theory is that there is an inherent conflict between the …………… as principal and the managers as agent and so they spend time agreeing contracts which will minimise the conflict’.
Which of the following is the missing word in the above statement?
(a) Government
(b) Owners
(c) Employees
(d) Lenders
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