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A Conflict of priorities between the owner of a business and person managing the business. The owner is called the Principal, who could be the owner, stakeholder, and so on. The principal makes rules that prevents the agent to take decisions that would harm the principal. Example: Long term you could be the principal the short term you could be the agent. Related : MentalModels Statistics101 DataScienceJournal BusinessJournal CareerJournal
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