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Why would the decentralization of a firm result from delegation of authority?
Equally Likely
Equally likely refers to events in probability that have the same chance of occurring, indicating that no single outcome is favored over others.
Birth
The act or process of bearing or bringing forth offspring; the start of life as a physically separate being.
Empirical Probability
The probability of an event derived from its observed frequency in a sample.
Theoretical Probability
The probability of an event computed based on known possible outcomes, assuming each outcome is equally likely.
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