Answer:
3. corporations
Explanation:
Corporations -
It refers to as a separate entity which is complete different from its owner , is referred to as a corporation .
Corporation is a completely legal system , which can have the advantage of all the responsibilities and rights , that an individual can have i.e. , pay taxes , own some assets , hire employees , borrow or loan monetary values , enter into contracts etc.
Hence, The problem of agency is related to the corporations.
