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<ol><li><strong><em>"Information asymmetry and the tendency of the rational

individuals to pursue self-interest birth a need for complex contracts and compensation packages</em></strong>." Do you agree? Explain. </li><li>Explain what a boundary Control System is and provide real world examples. </li><li><strong>Consider diners, restaurant owners, and servers. Identify two principal-agent relationships that exist among these parties. For each relationship, clearly present the agent and the principal and state the possible contract agreement (contract can be explicit or implicit).</strong></li></ol>

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