Examlex
In human-centred systems, user actions are paced and regulated by directives stored in a
machine.
Warranties
Promises made by a seller to a buyer to repair or replace faulty goods within a certain period of time.
Extracurricular Activities
Activities that fall outside the realm of the regular academic curriculum, often promoting students' personal development, social skills, and interests.
Adverse Selection
A situation in insurance and other markets where buyers and sellers have different information, leading those most likely to incur risks to seek insurance or contracts more aggressively.
Moral Hazard
The situation where one party is willing to take more risks because another party bears the cost of those risks.
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