Match the Following: -Functional Conflict

question 70

Multiple Choice

Match the following:
-Functional Conflict

• A)Conflict that is constructive and beneficial.
• B)Two or more persons, units, or organizations that are tightly interconnected.
• C)An unhealthy, potentially destructive disagreement between two or more persons.
• D)Two work units claiming the same job or having blurred lines of responsibility.
• E)Conflict between two groups.

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Definitions:

Moral Hazard

A situation in policy and economics where one party is more inclined to take risks because the negative consequences of those risks will be borne, at least in part, by others.

Pre-contractual Problem

Issues that arise before a contract is finalized, often related to information asymmetry or negotiating terms.

Post-contractual Problem

Issues or disputes that arise after a contract has been signed and during its execution period.

Agency Costs

Costs incurred in principal–agent relationships; these costs are associated with moral hazard and adverse selection problems.