Question: 1. What are the trade-offs in centralizing vs. decentralizing decision making? How do you determine which decision-making approach to take? 2. What are three general

1. What are the trade-offs in centralizing vs. decentralizing decision making? How do you determine which decision-making approach to take?

2. What are three general ways to reduce agency costs? In what situations should you use each of these ways?

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