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How do efficiency wages reduce agency costs?
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Dividends
Corporate profit shares distributed among stockholders, often on a periodic basis.
Express Purposes
Express purposes are specific intentions or objectives that are explicitly stated or declared, often within the context of a legal document or agreement.
Articles of Incorporation
Legal documents filed with the government to legally document the creation of a corporation, outlining its structure, purpose, and compliance with law.
State Incorporation Statutes
Laws established by individual states that dictate how companies can legally incorporate and operate within that state.
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