Fill in the Blank(s)

question 51

Short Answer

Fill in the Blank(s)
-_______allows a company to invest in a few specific skills while relying on outsource partners to perform other vital activities.

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Definitions:

Behavior

The actions or reactions of an entity, often in response to its environment.

Moral Hazard

The situation in which an individual or entity is more likely to take risks because the potential costs will not be borne by them but by another party.

Efficient Behavior

Efficient behavior refers to actions that maximize the desired outputs or results with the least amount of wasted effort or resources.

Insurance Industry

The sector of the economy that provides coverage against financial loss, including various types of insurance products and services.