Examlex
Which of the following terms is spelled correctly?
Moral Hazard
A situation in economics where one party can take risks because they do not bear the full consequences of their actions, often due to asymmetric information or a disconnect between actions and consequences.
Information Gathering
The process of collecting data and information from various sources to make informed decisions or understand situations better.
Principal-agent Relationships
A scenario where one party (the principal) delegates work to another party (the agent), who performs that work on behalf of the principal.
Minimize Profits
The strategy of reducing profits to a minimum, possibly for tax advantages, ethical reasons, or for future strategic positioning.
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