Examlex
A manager in a large business generally will spend more of her time as a spokesperson and entrepreneur than her counterpart in a small business.
Moral Hazard
A situation where one party takes on excessive risk because the negative consequences of the risk will be borne by another party.
Antilock Brakes
A safety system in vehicles that prevents the wheels from locking up and skidding during braking, improving control.
Self-medicating
The practice of using drugs, alcohol, or other substances to treat one's ailments without professional guidance, which can lead to misuse and health problems.
Expected Loss
The anticipated amount of loss a firm envisages, often calculated in financial contexts to assess risk or in insurance settings.
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