Training and Development Is a Content Area of I/O Psychology

question 218

Multiple Choice

Training and development is a content area of I/O psychology that:

• A)is concerned with ways to improve companies' performance evaluation systems, which includes teaching managers how to collect evaluation data, how to avoid evaluation errors, and how to communicate the results.
• B)strives to identify the traits, behaviors, and skills that great leaders have in common.
• C)focuses on factors that contribute to a productive and healthy workforce such as perk packages and employee- centered policies.
• D)focuses on designing customized training programs and evaluating the effectiveness of these programs

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Definitions:

Moral Hazard

The risk that one party to an agreement will engage in behavior that is undesirable from the other party's perspective because it does not bear the full consequences of its actions.

Adverse Selection

A situation in which one party in a transaction has more information than the other, leading to imbalanced and inefficient market outcomes, commonly seen in insurance markets.

Information Gathering

The process of collecting data or information for specific purposes, often used in decision-making.

Principal-agent Relationships

Describes a situation where one party (the principal) hires another (the agent) to perform a task on their behalf, involving issues of trust and responsibility.