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Before moving on to Chickering's six developmental goals, an individual must first develop competence.
Information Asymmetry
A situation where one party in a transaction has more or better information than the other, often leading to an imbalance in power or unfair advantage.
Market Characteristics
Features that define and distinguish a specific market, including aspects such as size, competition, buyer behavior, and product differentiation.
Borda Count
A voting system used to rank candidates in which voters order their preferences, and candidates receive points based on their positions in these rankings.
Pairwise Voting
A voting system where candidates are compared to each other in pairs, with the winner being the one who wins the most one-on-one comparisons.
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