Examlex
In the context of team and organizational effectiveness,which of the following refers to people systematically overestimating their own performance in areas where they lack competence and readily dismissing any information to the contrary?
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to use and one person's use does not reduce availability to others.
Private Goods
Goods that are both rivalrous and excludable, meaning consumption by one person reduces availability for others and access can be restricted.
Tragedy of the Commons
A situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, even though it is contrary to the group's long-term interests.
Private Good
A product or service that is individually consumed and can be easily excluded from non-payers, making it rivalrous in consumption.
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