Moral Hazard

question 25

Multiple Choice

Moral hazard:

• A)occurs when incentives are distorted because an individual knows more about his or her own actions than other people do.
• B)is a term used to describe the bonuses paid for particularly hazardous jobs (such as firefighting).
• C)is a term used synonymously with "value judgment."
• D)refers to the questionable morality of price gouging in hazardous times (e.g., in the presence of famines, floods, etc.).

Understand the application of personality assessment tools, including the 16 PF, the Big Five Factors, and HEXACO.

Critically evaluate the methods of collecting personality data including Q-data, L-data, and T-data techniques.

Examine the practical applications of personality assessment in clinical, research, and occupational contexts.

Understand the concept of Maslow's hierarchy of needs and its importance in human motivation.