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Define a Principal-Agency Relationship,and Describe Three Duties That Each Party

question 31

Essay

Define a principal-agency relationship,and describe three duties that each party owes the other in this type of relationship.


Definitions:

Self-concept Theory

A psychological framework suggesting that individuals have a collection of beliefs about themselves that influence their behavior and attitudes.

Looking-glass Self

A concept in sociology that suggests an individual's self-perception is influenced by how they believe others perceive them.

Ideal Self

A person's conception of how they would like to be or believe they should be, often serving as a motivation for self-improvement or behavioral change.

Real Self

People as they actually are.

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