Final answer:
The question is about the failure of a licensee to disclose commission or profit to their principal in a business context.
Step-by-step explanation:
The subject of this question is Business. Specifically, it pertains to the relationship between a licensee and their principal, focusing on the failure to disclose the full amount of commission or profit. This situation can occur in various business contexts, such as real estate agents, insurance agents, or franchising agreements.