Does Alexander have an agency conflict to deal with?

No; by having part$-$time, as opposed to full$-$time, employees, Alexander is prevented from experiencing an agency conflict.

Yes; as both the owner and operator of Alexander's Tantalizing Tees, Alexander has created the necessary agency relationship through which an agency conflict can exist.

No; as both the owner and operator of Alexander's Tantalizing Tees, Alexander has not created the necessary agency relationship through which an agency conflict can exist.

Yes; there is always an inherent conflict of interest between owners and operators $($managers$).$

For the past $40$ years, companies have attempted to attract, retain, and encourage managers by developing attractive compensation packages. These compensation packages have also been intended to reduce potential agency conflicts between these managers and the firm's shareholders. $$ value of the company's common stock price.

Smith & Jones Inc.$\text{'}$s stockholders are mostly individual investors, and there is relatively little institutional ownership. If several pension and mutual funds were to take large positions in Smith & Jones Inc.$\text{'}$s stock, direct shareholder intervention would be $q,$ likely to motivate the firm's. management.