When owners are separated from the business
Agency conflict arises when ownership is separated from management and management have to take decision to maximize wealth of owner instead of themselves.
Hence when owners are separated from the business is the correct answer.
someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.
i don’t know if this is exactly what your looking for but i hope this !
D. centrally planned economy hope this ! : d