Question $7(1$ point$)$

Lucy's Licorice is a corporation that produces and sells licorice across North America.

Like ${?}_l$ any corporation, there are both shareholders and management. A director of

operations within the company has been trying to advance their career title to vice

president of operations & therefore made some decisions that impacted profits in

order to make themselves look better. This situation reflects the:

Management problem

Sales problem

Agency problem

Shareholder value problem