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Which of the following is not viewed as a cost to the principal in an agency relationship? 1. Monitoring expenditures by the principal 2. Monitoring
Which of the following is not viewed as a cost to the principal in an agency relationship?
1. | Monitoring expenditures by the principal | |
2. | Monitoring expenditures by the agent | |
3. | Bonding expenditures by the agent | |
4. | The residual loss |
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