A Contingent Contract Can Create Production Inefficiency; However,many Principals Accept

question 39

Multiple Choice

A contingent contract can create production inefficiency; however,many principals accept this because

• A) inefficiency is inevitable.
• B) monitoring is costless.
• C) risk is reduced.
• D) profit will increase as a result.

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Definitions:

Privately Owned Land

Land that is owned by individuals or entities other than the government, with the owners maintaining control and rights over the property.

Single-family Dwelling Ordinance

A municipal regulation which specifies zoning laws and construction standards primarily for houses intended for single families.

Judicial Review

The power of courts to assess the legality of actions taken by the executive and legislative branches or evaluate the constitutionality of laws.

Estate Conveyed

The transfer of property ownership rights from one individual to another, often as a result of a sale, gift, or will.