In 2013,President Obama nominated Chuck Hagel as secretary of defense to lead the Defense Department.There was substantial controversy in the Senate regarding some of Hagel's policy positions,and a number of senators attempted to block Hagel's confirmation,although he was eventually approved by a vote of 58-41.This attempt to block Hagel's confirmation is an example of which type of control to address the principal-agent problem?

Question

Quizplus · Accepted Answer

The attempt to block Hagel's confirmation was a before-the-fact control mechanism because it was an attempt to prevent him from being confirmed as secretary of defense before he could potentially act in a way that went against the interests of the principal (the president) or the principal's constituents.

In 2013,President Obama Nominated Chuck Hagel as Secretary of Defense