Which of the following most accurately describes the concept of agency?
A) Agency is defined by the delineation between internal and external stakeholders of a company.
B) Agency refers to the ethics of price fixing and price gouging.
C) Agency deals with executives and employees acting as proxies for the owners of the business.
D) Agency is associated with the stockholders of a firm being answerable to the owners.

Question

Quizplus · Accepted Answer

Agency refers to executives, managers, and employees acting as agents of the organization that hired them.

Which of the Following Most Accurately Describes the Concept of Agency