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Briefly discuss principal-agent problems as related to a corporation.
Appropriate Technology
Technology that is specifically designed to be environmentally sustainable, economically viable, and culturally appropriate for its intended users.
Continuous-process Production
A method of production where raw materials and products are constantly moved through a series of processes, allowing for the production of goods at a constant rate.
Highly Automated
A description of processes or systems that operate with minimal human intervention, often relying on advanced technology or machinery.
Mass Production
The manufacture of a large number of uniform products with an assembly-line system.
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