Examlex
Which one of the following actions by a financial manager is most apt to create an agency problem?
National Defense
The protection and maintenance of a nation's sovereignty, territory, and interests against external threats through military and non-military means.
Federal Budget
The government's estimate of revenue and spending for a fiscal year, reflecting the economic priorities of the federal government.
Military Powers
The authority and capability of a state to use its armed forces to achieve its objectives.
Unilateral Use
Refers to actions or decisions made by a single nation or entity independently, without consultation or agreement with others.
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