Examlex
Do you think that attending university for the first time could be considered a form of "culture shock"? Why or why not?
Agency Theory
A theory that explains the relationship between principals (such as shareholders) and agents (such as CEOs), emphasizing the need to align interests through contracts.
Agents
Individuals or entities authorized to act on behalf of others in commercial transactions or legal matters.
Principals
Individuals or entities who authorize agents to act on their behalf in business transactions or other matters.
Esteem Needs
Higher-level psychological needs involving self-respect, achievement, status, and recognition by others, according to Maslow's hierarchy of needs.
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