Which term refers to an organization operating without a formal external agent structure?

The term "agentless organization" accurately describes an organization that operates without a formal external agent structure. In this context, "agent" typically refers to an individual or entity authorized to act on behalf of another, especially in legal or business matters. An agentless organization can manage its internal affairs independently, without relying on a formal agent to facilitate transactions or represent its interests outside the organization. This may reflect a self-contained approach to governance and operations, allowing for greater autonomy and control over decision-making processes.

The other terms do not effectively describe this scenario. "Independent operation" might suggest a level of autonomy but does not specifically denote the absence of external agents. "Corporate entity" refers to a recognized legal structure for a business, which typically involves appointing agents for various functions. "Direct management" implies an internal approach to governance, but again does not necessarily indicate that there are no external agents involved. Hence, "agentless organization" is the most precise term to convey the concept of an organization functioning without external representation.