Problem: Copious Corporation is owned by 2 million stockholders who elect a board of directors that selects a management team responsible for hiring workers to serve customers by selling and repairing smart phones. Which of the following statements is true?
a. In the principal-agent relationship between workers and customers, the customers are the agents
b. In the principal-agent relationship between the workers and managers, the managers are the agents
c. In the principal-agent relationship between the stockholders and the board of directors, the stockholders are the agents
d. In the principal-agent relationship between management and the board of directors, the managers are the agents