Which of the following illustrates an agency problem?

a$)$ The advertising agency that a company uses produces top quality materials and charges a

high price for its work.

b$)$ A not$-$for$-$profit environmental agency stages a protest. This results in negative attention to

a company$$s manufacturing methods.

c$)$ A company$$s board, in wanting to protect board member compensation, agrees with

everything company management suggests.

d$)$ A hiring agency screens out potential applicants to a company$$s job posting.