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Monitoring performance and making needed corrections is the management function of
Gallery
A room or building where art is displayed and sold, or a space for presenting other types of collections.
Moral Hazard
A situation in insurance and contracts where one party takes more risks because they know they are protected or that another party bears the costs of those risks.
Adverse Selection
A situation in financial markets where buyers and sellers have different levels of information, leading to transactions that favor the party with more or better information.
Adverse Selection
A situation where asymmetric information leads to the selection of poor risks, often seen in insurance markets.
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