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Direct linkSocial Education, 2009
Many workers are employees of companies. These workers agree to do what the companies' owners tell them to do. In return, the companies pay the employees a wage or salary. This relationship, or contract, is an example of a principal-agent agreement: The company is the principal and the worker is the agent. The principal-agent agreement is the most…
Descriptors: Employer Employee Relationship, Employees, Business, Role
