Information Asymmetry Refers to

question 90

Multiple Choice

Information asymmetry refers to

• A)the tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior.
• B)the tendency for the mix of unobserved attributes to become undesirable from the standpoint of an uninformed party.
• C)an action taken by an informed party to reveal private information to an uninformed party.
• D)a difference in access to relevant knowledge.

---

Definitions:

High-Performance Teams

Groups characterized by high levels of collaboration and productivity, aiming to achieve superior results.

Communication Mechanisms

refer to the methods or systems used to convey information, ideas, or messages between people, including verbal, non-verbal, written, and digital forms.

Social Loafer

An individual who contributes less to a group task, relying on others to carry the workload.

Absentee Member

A member of a group who is frequently absent from group meetings or activities, often contributing to decreased group effectiveness.