Lifeguards at Water Works Pool Also Teach Swim Lessons

question 131

Multiple Choice

Lifeguards at Water Works pool also teach swim lessons.If they miss a lesson,they do not get paid;instead the substitute instructor gets the money.This is a form of

• A) increased efficiency.
• B) a piecework pay system.
• C) soldiering.
• D) Theory X.
• E) Theory Y.

---

Definitions:

Moral Hazard

The risk that one party to a transaction has incentives to take undue risks because the costs incurred will not be fully borne by that party.

Homeowner's Insurance

An insurance policy that provides financial protection against disasters, theft, and accidents that may occur in one's home or on their property.

Locking Possessions

The act of securing personal or valuable items to prevent unauthorized access or theft.

Liability

A legal obligation or responsibility that can arise from contracts, torts, or other legal matters, potentially resulting in the need to pay damages or perform specific acts.