Asked by Jessica Stocker on Jun 27, 2024
Verified
Although agency "captives" and agency "shadows" are different phenomena,they contribute to the same arguable result: an increase in agency independence.
Agency "Captives"
refers to subsidiary companies created by one or more parent companies to provide insurance coverage for themselves.
Agency Independence
The degree of autonomy and freedom from external control and influence that an administrative agency has, allowing it to operate without political pressure.
- Understand the concept of agency independence and the factors contributing to it, including differentiated phenomena such as agency “captives” and “shadows.”
Verified Answer
NP
Namita PatelJul 04, 2024
Final Answer :
False
Explanation :
Although agency "captives" and agency "shadows" are different phenomena,they contribute to the same arguable result: the independence of administrative agencies may be compromised and their effectiveness as regulators destroyed.
Learning Objectives
- Understand the concept of agency independence and the factors contributing to it, including differentiated phenomena such as agency “captives” and “shadows.”
Related questions
All Employees Are Agents of Their Employers, and All Agents ...
Conflicts of Interest Arise When Managers Act for Their Own ...
The Agency Problem Can Seriously Restrain the Economic Success of ...
The Agency Problem Is Generally the Most Prevalent in Companies ...
In Which of the Following Cases Does Apparent Authority Arise ...