Agency theory is structured around the basic premise that bureaucracies are agents that act on behalf of the legislature in a relationship similar to a business contract.

Question

Quizplus · Accepted Answer

Agency theory posits that bureaucracies act as agents on behalf of the legislature or other principals and that their behavior can be analyzed through the lens of a principal-agent relationship similar to a business contract.

Agency Theory Is Structured Around the Basic Premise That Bureaucracies