Examlex
The conflict between principals and agents arises because:
Traditional Accounting System
An accounting practice that uses manual processes and ledgers for bookkeeping without extensive technology.
Lean Principles
A set of management practices that aim to minimize waste and increase efficiency in manufacturing processes.
Inventory Shortages
Situations where the actual inventory count is less than what is recorded on the books, indicating possible issues such as theft or errors.
Volatile Times
Periods characterized by high levels of uncertainty, unpredictability, or instability, often referring to economic or financial market conditions.
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