Examlex
Which of the following concepts suggests that it will be more difficult to train a dog to run away from you to earn food than to run toward you to earn food?
Principal-Agent Problem
A dilemma in economics where one party (the agent) is expected to act in the best interest of another (the principal), but may have personal incentives that conflict with this duty.
Managers
Individuals in an organization responsible for directing the efforts of others and overseeing business operations to achieve certain goals.
Absentee Owners
Absentee owners are individuals or entities that own a business or property but do not actively manage it or live on its premises.
Moral Hazard
A situation where the behavior of an individual or entity changes to take on more risk because they do not bear the full consequences of that risk.
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