Examlex
________ are software tools that provide automated support for some portion of the systems development process.
Moral Hazard
The risk that one party to a transaction has not entered into the contract in good faith or has an incentive to take unusual risks because the costs are not borne by that party.
Flat Salary
A flat salary is a fixed amount of pay received by an employee, regardless of the number of hours worked or the quantity of output.
Car Dealership
A business that sells new or used cars at the retail level, typically based on a dealership contract with an automaker or its sales subsidiary.
Asymmetric Information
A situation where one party in a transaction has more or superior information compared to another, potentially leading to an imbalance in decision-making, similar to adverse selection.
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