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In which of the following situations is the principal-agent problem least likely to occur?
Corporate Governance
The framework of regulations, customs, and procedures through which a corporation is managed and regulated, aiming at aligning the interests of its stakeholders.
Corporate Governance
The framework of regulations, procedures, and methods through which a corporation is managed and regulated.
Board of Directors
A group of individuals elected to represent shareholders and make decisions on major company issues.
Functional Manager
A manager responsible for a specific business function or department, such as marketing, finance, or human resources.
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