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Explain the concept of span of management,and discuss the factors that influence the appropriateness of the size of an individual's span of management.
Agency Problems
Agency problems occur when there’s a conflict of interest between the principals (such as shareholders) and agents (such as company executives), leading to potential inefficiency or misuse of resources.
Specialized Knowledge
Expertise or skills in a specific field or subject area, typically acquired through education or experience.
Host-Country Nationals
Employees who are citizens of the country in which a multinational corporation's subsidiary operates, working in their own country for that subsidiary.
Nonmanagerial Employees
Workers who do not hold supervisory or managerial positions and are typically responsible for executing specific tasks and operations.
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