Examlex
The original Atkinson and Shiffrin three-stage model of memory has been revised with newer concepts,including
Principal-Agent Problem
A dilemma in which an agent (employee or representative) may not act in the best interest of the principal (employer or client) due to differing objectives and information asymmetry.
High-Level Executives
Senior managers and corporate officers who have significant responsibilities in directing and overseeing the operations and strategic direction of a company.
Marginal Returns
The additional output gained by adding one more unit of a particular input while keeping other inputs constant.
Transferability Of Ownership
The ability to legally transfer the title or ownership of assets or property from one entity to another.
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