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What would be the impact if the only insider on a corporation's board were the CEO?
Tax Cost
The economic expense associated with the imposition of taxes, including the burden on consumers or producers.
Resources Allocation
It involves distributing available resources among various competing needs or projects in order to achieve desired objectives or optimize outcomes.
Paradox of Voting
The situation where the cost of voting (time, effort) exceeds the apparent personal benefits, yet people still vote.
Majority Voting
A decision-making process where the option that receives more than half of the votes is chosen.
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