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In corporations, the agency problem exists because stockholders are managers who make daily decisions on behalf of principals, who are their agents. managers are principals
In corporations, the agency problem exists because stockholders are managers who make daily decisions on behalf of principals, who are their agents. managers are principals who make the daily decisions on behalf of stockholders, who are their agents. principals are stockholders and managers are their agents, who make the daily decisions on their behalf. principals are owners who make the daily decisions on behalf of managers, their agents
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