QUESTION $11$

In the principal$-$agent relationship, the agent is

the owner of a resource that has hired another party to act on his behalf.

the joerson who is placed in control over resources that are not his own, with a contractual obligation to use these resources in the interests of some other party.

the person who places his resources in professional hands in exchange for the professional's promise to act on the resource owner's behalf.

the person who is placed in control over resources that are not his own and agrees to compensate the resource owner in the event of outcomes that do not satisfy the resource owner.