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Explain why theories are neither absolutes nor facts.
Agency Costs
Costs that arise from conflicts of interest between principals (owners) and agents (managers), including monitoring and incentive expenses.
Background Checks
The process of verifying the personal, financial, and criminal history of an individual, commonly undertaken by employers.
Time Clocks
Devices used to track the hours worked by employees, often by punching a card or logging in digitally.
Incentivize Employees
Offering rewards or benefits to motivate workers and enhance their performance.
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