After winning the lottery, I have decided to move from my apartment to a mansion. I have hired a professional company to move my belongings. What type of problem should I be most concerned about?

Question

Quizplus · Accepted Answer

The principal-agent problem is a common issue when hiring a professional company to move personal belongings. As the owner of the belongings, you are the principal, and the moving company is the agent. The problem arises when the agent has their own interests in mind and may not act in the best interests of the principal. In this context, the moving company may not handle the belongings with the care that they require, which could result in damage or loss. Therefore, it is essential to ensure that the moving company you hire is trustworthy and has a good reputation to avoid this problem.

After Winning the Lottery, I Have Decided to Move from My