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Outline a few frequently used methods for setting production standards.
Audit Committee
A subset of a company's board of directors responsible for overseeing financial reporting and disclosure.
Agency Costs
Expenses related to resolving conflicts of interest between company managers and shareholders.
Employee Empowerment
The delegation of greater decision rights to members of the organization.
Decision Rights
The rights or authority to make decisions within an organization, often delineated by roles or levels within the organizational structure.
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