While Many Agency Relationships Work Well, Problems Arise When Agents

question 64

True/False

While many agency relationships work well, problems arise when agents and principals have different goals.

---

Definitions:

Nominal Fallacy

The misconception that naming something explains it, without understanding the underlying causes or nature of what is being named.

Instinct Theories

Theories that propose individuals are driven to behave in certain ways due to evolutionary programmed instincts.

Labeling

The process of identifying and naming behaviors, conditions, or phenomena, often leading to the categorization or stigmatization of individuals within societal contexts.

William McDougall

A British psychologist and one of the founding figures of social psychology, known for his work on instinct and the social nature of human beings.