Question: Define the term moral hazard. Multiple choice are: it is an ethical violation it is a legal violation it is an opportunity for an agent

Define the term moral hazard.

Multiple choice are:

it is an ethical violation
it is a legal violation
it is an opportunity for an agent to take unobserved actions for personal benefit at the expense of the principal
it is a moral violation
A and B
A and C
A and D
B and C
B and D
C and D
all but A
all but B
all but C
all but D
all are true

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