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Explain some of the measures taken to reduce the principal-agent problem.
Training
An educational process that aims to enhance skills, knowledge, and competencies for a specific purpose or job.
Expectancy Theory
A motivational theory suggesting that an individual's behavior is determined by their expected outcomes and the attractiveness of those outcomes.
Motivation
The internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role or subject, or to make an effort to attain a goal.
Skills
Abilities or expertise developed through practice or training that enable a person to perform tasks effectively.
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