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Case PPT 6-2 Simon is a financial analyst working on a PowerPoint presentation to aid his discussion on new home sales data in the Eastern regions of the United States. His data is accumulated from three economic reports provided to him daily. Simon then imports this economic data into an Excel worksheet each morning where predefined calculations manipulate the data for his informational needs. Simon needs to get portions of this data into his slide show. Because Simon's data is regularly updated in Excel, he should ____.
Informational Asymmetry
A situation where one party in a transaction has more or superior information compared to another. This often leads to an imbalance in power or decision-making.
Hidden Action
A situation in principal-agent relationships where the agent's actions are not fully observable by the principal, potentially leading to agency problems.
Hidden Characteristic
A quality of a product or service that is not immediately observable to the buyer, often leading to information asymmetry in the market.
Transitive
In logic and mathematics, transitive refers to a relation where if it applies between successive pairs in a sequence, it also applies between any two members taken in order. For example, if A is larger than B, and B is larger than C, then A is larger than C.
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