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What is the difference between franchise and agency?

Agency : principle is liable for the act of agent and agent get fees or commission from the principle. Franchise : Principle is not liable for the act of agent and PRINCIPAL get fees of commission form the agent.


Example case of agency by ratification?

an agent secures a contract on behalf of the principle and the principle agrees to it


What is agency representation?

The term agency in law, means representation. An agent represents you (the principle) and is authorized to enter into legal relationships on your behalf or the business. Agency representation means that someone else is representing the principle.


What are the problems of agency theory to the financial manager?

The problem of agency theory are pricniple and agent.


What is principal-agent problem?

In politics, the principle is the citizen, who poses the right to make certain decisions. The agent is members of Congress. The problem is when the principle and agent have different goals, causing conflict to arise. One might feel their Congressman is "out of touch" or not getting things done.


How do Financial Management resolve agency problems?

first a fall agent should act according to principle. he have to follow principle and try to avoid his own mater.


What is the principal-agent problem?

In politics, the principle is the citizen, who poses the right to make certain decisions. The agent is members of Congress. The problem is when the principle and agent have different goals, causing conflict to arise. One might feel their Congressman is "out of touch" or not getting things done.


Difference between franchise and C and F agency?

Franchisee is the middle man between principle and retail customer C and F agent is the middleman between principle and wholesailer


How does agency problem affect the relationship of financial manager with the company?

agency problem affects the financial manager relationship with the company by means of trust. if we are going to study the principal-agent relationship (principals=shareholders ; agent=managers,CEO,BOD), the agent will stand for and on behalf of the principal with the accompany of trust and confidence by the principals, but when agency problem occur where the agents are planning to pursue some objectives that are attractive to them while not beneficial for the principal the gap between the shareholders and the management team were created...


What agency theory problem?

Agency theory addresses the potential conflict of interest that arises when one party (the principal) delegates decision-making authority to another party (the agent). The problem arises when the agent may prioritize their own interests over those of the principal, leading to agency costs. These costs can include moral hazard, adverse selection, and strategic behavior.


Where can you get an agent?

from an agency


Who was the last british political agent in gilgit agency?

who was last political agent in gilgit agency