Examlex
A manager wants to develop a relational database to achieve stronger internal control in the acquisition/payment process. Which of the following would help the manager achieve that goal: (i) automatically numbering all purchase orders, (ii) requiring sales staff to enter a password before accessing the purchases table?
Adverse Selection
A situation in which sellers have information that buyers do not (or vice versa) about some aspect of product quality.
Moral Hazard
The risk that one party to a transaction has not entered into the contract in good faith, or has provided misleading information about its assets, liabilities, or credit capacity.
Dental Insurance
An insurance coverage designed to pay a portion of the costs associated with dental care, ranging from routine preventive care to more complex procedures.
High-Productivity
A measure of efficiency that describes a high output level per unit of input within a given time period.
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