Examlex
An example of an agency cost is:
Matrix Structures
An organizational structure that combines two or more types of departmentalization, for example, functional and product, leading to dual reporting relationships for some employees.
Aerospace Industry
A sector that involves the research, development, and manufacture of flight vehicles, including aircraft and spacecraft.
Decentralization
The distribution of decision-making powers away from a central authority within an organization to lower-level personnel or departments.
Standardization
The degree to which the range of actions in a job or series of jobs is limited.
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