Service-Rating Sites Like Angie's List Are an Attempt to Reduce

question 121

Multiple Choice

Service-rating sites like Angie's List are an attempt to reduce the incidence of ________ for the consumer.

• A) moral hazard
• B) the principal-agent problem
• C) medical malpractice
• D) selective consequence
• E) adverse selection

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Definitions:

Circular Communication

A communication pattern where the message goes through multiple people or channels before reaching the original sender, often leading to changes in the message or misinterpretation.

Rewards

Benefits, both tangible and intangible, given in recognition of one's actions, efforts, or behavior, often used as a motivational tool.

Family Structure

The composition and organization of a family unit, including the relationships and roles of its members.

Family Function

The manner in which a family operates, including its structure, roles, rules, and communication patterns, affecting the emotional and physical well-being of its members.