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QUESTION 1 (25 MARKS) . a) Describe the principal-agent relationship.
QUESTION 1 (25 MARKS) . a) Describe the principal-agent relationship. Give an example of a principal-agent dilemma in the business environment in your response. Justify whether such a situation becomes costly. (15 marks) b) Explain whether the following statements are true or false. i) Derivative transactions are designed to increase