Examlex
Validation is the process of determining how well a selection test or procedure predicts future job performance.
Moral Hazard
A situation in economics and finance where one party takes more risks because another party bears the cost of those risks.
Auto Insurance
A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident or other vehicle-related damages.
Precautions
Actions taken in advance to prevent potential undesirable outcomes or to minimize risks.
Moral Hazard
A situation where one party in a transaction has the opportunity to assume additional risks that negatively affect the other party because they do not bear the full consequences of their actions.
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