Business & Finance homework help

Part  I: Describe an example you have experience with of the principal-agent  problem (for example, you have a desire for your children to listen in  school and do well, while for them, goofing off at school might be much  more fun), and explain how incentives can be used to overcome the  principal-agent problem (such as paying your children for good grades).  Include in your explanation an analysis of the risks in using  incentives.

Part II: How will you be able to apply what you learned in this course to your current or future work?