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Explain the fundamental types of managerial incentive schemes available in the principal-agent relationship. Which of these types is preferred? Justify your answer with an appropriate

Explain the fundamental types of managerial incentive schemes available in the principal-agent relationship. Which of these types is preferred? Justify your answer with an appropriate example.

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In the principalagent relationship managerial incentive schemes are designed to align the interests of the principal shareholders or owners with those of the agent managers or employees These schemes ... blur-text-image

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