Laura is generally used as a girl's name. It consists of 5 letters and 2 syllables and is pronounced Lau-ra. In the U.S. in 2014, it ranked 318 in baby name popularity for girls with 1038 occurrences.
Sudhir Singh. Advertisements: Duties of an Agent: 1. To conduct principal's business according to his directions (Sec. 211): By far the most important duty of the agent is to carry out the lawful directions of his principal.
A Principal-Agent problem refers to any set of problems where one person, the principal, hires another, the agent, to do something. In the economics literature, principal-agent problems usually assume that each person pursues their own self-interest and the agent knows stuff that the principal doesn't (asymmetric information). Moral Hazard describes situations where being protected from the consequences of a risky behaviour leads an agent to do more of it. Examples: