Examlex
The matrix organizational structure violates the principle of one employee reporting to one boss.
Expected Utility
Expected utility theory represents how rational individuals with preferences choose among risky alternatives to maximize their satisfaction or utility.
Toll Road
A public or private roadway for which a fee is assessed for passage, commonly used to fund road maintenance or construction projects.
Fine
A monetary penalty imposed by a government or legal authority as punishment for breaking a law or regulation.
Risk-Averse
A preference for guaranteed outcomes over gambles, even if the gamble might have a higher expected return due to the dislike of uncertainty.
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