What Is Agency Theory and What Problems Is It Concerned

question 47

Essay

What is agency theory and what problems is it concerned with resolving?

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Definitions:

Outstanding Cheques

Checks that have been written and recorded in the issuing company's ledger but have not yet been cashed or cleared by the bank.

Balance Per Bank

It represents the amount of money in a company’s bank account, according to the bank's records.

Prenumbered Cheques

Checks that are printed in advance with sequential numbers to help maintain an audit trail and manage financial transactions securely.