Scenario 22-1 Esteban and Michaela Own an Apartment Building. They Hire Nico

question 444

Multiple Choice

Scenario 22-1
Esteban and Michaela own an apartment building. They hire Nico to manage the building and deal with tenants' complaints. They also hire Ted to make any necessary repairs to the apartments or the common area and they hire Rex to be the door guard at night.
-Refer to Scenario 22-1. Which of the following statements is correct?

• A)If Rex falls asleep while he is supposed to be guarding the door, he has created an adverse selection problem.
• B)Esteban and Michaela are the principals and Nico, Ted, and Rex are the agents.
• C)Nico is the principal and Ted and Rex are the agents.
• D)All of the above are correct.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.

Classical Conditioning

A teaching method involving the repeated association of two stimuli; a reaction originally produced by the second stimulus eventually becomes produced by just the first stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a reflexive response without prior conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually triggers a conditioned response.